Samsonite Group (OTCMKTS:SMSEY) Sees Large Volume Increase - What's Next?

Key Points

• Samsonite Group experienced a significant trading volume increase of 409%, with approximately 231,981 shares traded on Tuesday compared to the previous session.
• Zacks Research upgraded the company's rating from a "strong sell" to a "hold", with a current average rating of "Buy" from analysts.
• In its latest earnings report, Samsonite Group posted $865 million in revenue, slightly exceeding analyst estimates, and an earnings per share of $0.25.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) saw an uptick in trading volume on Tuesday . 231,981 shares changed hands during mid-day trading, an increase of 409% from the previous session's volume of 45,559 shares.The stock last traded at $10.92 and had previously closed at $11.14.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Samsonite Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Samsonite Group Stock Down 0.3%

The firm has a 50 day simple moving average of $10.51 and a two-hundred day simple moving average of $10.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.60. The stock has a market cap of $2.97 billion, a P/E ratio of 10.32 and a beta of 0.70.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter. Samsonite Group had a return on equity of 20.66% and a net margin of 8.46%.The company had revenue of $865.00 million for the quarter, compared to analysts' expectations of $863.00 million. Equities research analysts predict that Samsonite Group S.A. will post 1.15 earnings per share for the current year.

Samsonite Group Company Profile

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.