Samsonite Group (OTCMKTS:SMSEY) Trading 1% Higher - Here's Why

Key Points

• Samsonite Group shares increased by 1% to $11.16, although trading volume decreased by 45% compared to the average session.
• Zacks Research upgraded the stock from a "strong sell" to a "hold" rating, contributing to an overall average rating of "Buy" from analysts.
• The company reported $0.25 earnings per share for the last quarter, surpassing analyst expectations with a revenue of $865 million.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) shares traded up 1% during trading on Thursday . The company traded as high as $11.19 and last traded at $11.16. 7,328 shares traded hands during trading, a decline of 45% from the average session volume of 13,403 shares. The stock had previously closed at $11.05.

Analyst Upgrades and Downgrades

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

Samsonite Group Stock Up 1.0%

The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 10.73 and a beta of 0.69. The business has a fifty day moving average of $10.86 and a 200 day moving average of $9.94. 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 Wednesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter. Samsonite Group had a net margin of 8.46% and a return on equity of 20.98%. The firm had revenue of $865.00 million during the quarter, compared to analysts' expectations of $863.00 million. On average, equities analysts predict that Samsonite Group S.A. will post 1.15 earnings per share 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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