Hugo Boss (OTCMKTS:BOSSY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Hugo Boss AG (OTCMKTS:BOSSY)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.44 and traded as low as $7.85. Hugo Boss shares last traded at $7.85, with a volume of 3,238 shares.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a report on Friday, March 14th.

Hugo Boss Price Performance

The stock has a 50-day moving average of $8.44 and a two-hundred day moving average of $8.68. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 11.72 and a beta of 0.79. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.79.

About Hugo Boss

Hugo Boss AG, together with its subsidiaries, provides apparels, shoes, and accessories for men and women worldwide. It also offers licensed products comprising of fragrances, eyewear, watches, children’s fashion, equestrian, and cycling. The company markets and sells its products under the BOSS and HUGO brand names through freestanding stores, shop-in-shops, factory outlets, multi-brand stores, and franchise business, as well as online retailers, distribution, and stores.