Samsonite Group (OTCMKTS:SMSEY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Samsonite Group saw an increase in trading volume with 144,892 shares changing hands, up 178% from the previous session.
• Zacks Research upgraded the company's rating from "strong sell" to "hold," with overall market consensus currently at a "Buy."
• The company reported a net margin of 8.46% for the last quarter, with earnings per share of $0.25 from revenue of $865 million, exceeding analysts' expectations.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) shares saw strong trading volume on Thursday . 144,892 shares were traded during mid-day trading, an increase of 178% from the previous session's volume of 52,196 shares.The stock last traded at $11.51 and had previously closed at $11.00.

Analyst Ratings Changes

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

Samsonite Group Trading Down 0.2%

The business has a fifty day moving average price of $10.60 and a 200 day moving average price of $10.11. The company has a market capitalization of $3.07 billion, a PE ratio of 10.65 and a beta of 0.70. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.70 and a current ratio of 1.13.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.25 EPS for the quarter. The company had revenue of $865.00 million for the quarter, compared to the consensus estimate of $863.00 million. Samsonite Group had a return on equity of 20.98% and a net margin of 8.46%. Analysts expect that Samsonite Group S.A. will post 1.15 EPS for the current fiscal year.

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.