Samsonite Group (OTCMKTS:SMSEY) Stock Price Down 8.5% - Here's What Happened

Key Points

• Samsonite Group (SMSEY) shares fell 8.5% on Monday to $9.88 from a prior close of $10.80.
• Trading volume was extremely light at just 100 shares midday, a roughly 99% drop from the average session volume of 16,055 shares, indicating very low liquidity during the move.
• The company has a market cap of $2.66 billion and a P/E of 9.21; it reported $0.38 EPS and $963.3 million in revenue for the quarter, with analysts forecasting about 1.15 EPS for the fiscal year.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report)'s share price traded down 8.5% on Monday . The stock traded as low as $9.88 and last traded at $9.88. 100 shares were traded during mid-day trading, a decline of 99% from the average session volume of 16,055 shares. The stock had previously closed at $10.80.

Samsonite Group Price Performance

The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 9.21 and a beta of 0.67. The company's 50-day simple moving average is $12.27 and its 200-day simple moving average is $11.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.13 and a quick ratio of 0.70.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported $0.38 EPS for the quarter. The company had revenue of $963.30 million for the quarter. Samsonite Group had a return on equity of 19.58% and a net margin of 8.27%. Research analysts forecast that Samsonite Group S.A. will post 1.15 earnings per share for the current fiscal year.

Samsonite Group Company Profile

Samsonite Group OTCMKTS: SMSEY is a leading global designer and manufacturer of luggage, travel bags and accessories. The company's product portfolio spans hard‐side and soft‐side suitcases, business cases, backpacks, travel accessories and outdoor gear. With a broad range of innovative materials and features such as lightweight polycarbonate shells, integrated locks and expansion capabilities, Samsonite serves both leisure and corporate travelers seeking durability, functionality and style.

Headquartered in Luxembourg, Samsonite distributes its products through a diversified network of over 1,000 direct‐to‐consumer retail outlets, e-commerce platforms and wholesale partnerships.

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