Samsonite Group (OTCMKTS:SMSEY) Shares Gap Up - Here's What Happened

Key Points

• Samsonite Group's share price experienced a gap up, opening at $11.07 after a previous close of $10.70, although it last traded at $10.65 with a trading volume of 127,706 shares.
• The company recently reported quarterly earnings with an EPS of $0.25 and revenue of $865 million, slightly exceeding analyst expectations.
• Samsonite Group announced a dividend of $0.3865, yielding **416.0%**, but has a payout ratio of **37.50%**.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $10.70, but opened at $11.07. Samsonite Group shares last traded at $10.65, with a volume of 127,706 shares changing hands.

Samsonite Group Stock Down 0.5%

The company has a market cap of $2.95 billion, a PE ratio of 10.24 and a beta of 0.70. The stock's 50 day moving average price is $9.98 and its 200-day moving average price is $10.55. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.60.

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 firm 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 20.66% and a net margin of 8.46%. On average, analysts predict that Samsonite Group S.A. will post 1.15 earnings per share for the current year.

Samsonite Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, June 9th were issued a $0.3865 dividend. The ex-dividend date was Friday, June 6th. This represents a dividend yield of 416.0%. Samsonite Group's payout ratio is currently 37.50%.

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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