Samsonite Group (OTCMKTS:SMSEY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Samsonite Group's trading volume surged by 148% to 98,697 shares, indicating increased investor interest.
• Zacks Research upgraded Samsonite Group's stock rating from a "strong sell" to a "hold," while consensus ratings lean towards a "buy."
• The company reported a $0.25 earnings per share with revenue of $865 million exceeding expectations of $863 million during its last quarterly earnings.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 98,697 shares changed hands during trading, an increase of 148% from the previous session's volume of 39,862 shares.The stock last traded at $10.90 and had previously closed at $10.91.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Samsonite Group from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Samsonite Group Stock Performance

The company has a market capitalization of $3.03 billion, a PE ratio of 10.51 and a beta of 0.70. The company has a current ratio of 1.60, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09. The firm's 50-day simple moving average is $10.37 and its 200-day simple moving average is $10.37.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter. Samsonite Group had a net margin of 8.46% and a return on equity of 20.66%. The company had revenue of $865.00 million during the quarter, compared to analysts' expectations of $863.00 million. On average, 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.