Samsonite Group (OTCMKTS:SMSEY) Shares Gap Down - Should You Sell?

Key Points

• Samsonite Group's share price fell from $10.64 to $10.35 before the market opened on Monday, with only 1,000 shares traded.
• Zacks Research upgraded the company's rating from "strong sell" to "hold", while the consensus rating remains a "buy".
• In its latest quarterly earnings, Samsonite reported $0.25 EPS, exceeding analysts' expectations, with revenue reaching $865 million.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $10.64, but opened at $10.35. Samsonite Group shares last traded at $10.35, with a volume of 1,000 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Samsonite Group from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Samsonite Group currently has a consensus rating of "Buy".

Samsonite Group Price Performance

The stock's fifty day moving average is $10.81 and its two-hundred day moving average is $9.90. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $2.99 billion, a PE ratio of 10.37 and a beta of 0.69.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter. Samsonite Group had a return on equity of 20.98% and a net margin of 8.46%.The business had revenue of $865.00 million for the quarter, compared to analysts' expectations of $863.00 million. As a group, analysts predict that Samsonite Group S.A. will post 1.15 EPS 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.

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