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

Key Points

• Samsonite Group's trading volume surged by 877% from the previous session, with 310,740 shares traded on a recent Tuesday, while the stock price increased slightly to $10.20.
• The company's latest earnings report showed an EPS of $0.19 and revenue of $796.60 million, falling short of analysts' expectations, with forecasts suggesting an EPS of 1.15 for the current fiscal year.
• Samsonite Group has announced a dividend yield of 416.0%, with a payout ratio of 36.45%, despite recent adjustments to its dividend payments.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 310,740 shares were traded during trading, an increase of 877% from the previous session's volume of 31,811 shares.The stock last traded at $10.20 and had previously closed at $10.10.

Samsonite Group Trading Up 1.0%

The stock has a market capitalization of $2.82 billion, a P/E ratio of 9.53 and a beta of 0.70. The firm's 50 day simple moving average is $9.71 and its two-hundred day simple moving average is $10.80. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 1.09.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $796.60 million during the quarter, compared to analysts' expectations of $799.00 million. Samsonite Group had a net margin of 8.67% and a return on equity of 21.65%. As a group, analysts forecast that Samsonite Group S.A. will post 1.15 earnings per share for the current fiscal year.

Samsonite Group Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, June 9th were given a dividend of $0.3865 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a dividend yield of 416.0%. Samsonite Group's dividend payout ratio (DPR) is currently 36.45%.

About Samsonite Group

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.

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