Samsonite Group (OTCMKTS:SMSEY) Sees Strong Trading Volume – Here’s What Happened

Samsonite Group S.A. (OTCMKTS:SMSEY) saw unusually-high trading volume on Monday . Approximately 8,356 shares were traded during mid-day trading, an increase of 147% from the previous session’s volume of 3,383 shares.The stock last traded at $12.45 and had previously closed at $12.7750.

Wall Street Analyst Weigh In

SMSEY has been the subject of a number of analyst reports. UBS Group raised shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Jefferies Financial Group upgraded Samsonite Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Samsonite Group currently has an average rating of “Buy”.

Samsonite Group Stock Performance

The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.02 and a beta of 0.67. 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 firm has a 50-day moving average of $12.17 and a 200-day moving average of $11.12.

Samsonite Group (OTCMKTS:SMSEY) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter. Samsonite Group had a net margin of 8.68% and a return on equity of 19.92%. The company had revenue of $872.70 million for the quarter. As a group, sell-side analysts predict that Samsonite Group S.A. will post 1.15 earnings per share for the current 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.