Samsonite Group (OTCMKTS:SMSEY) Shares Gap Up – Should You Buy?

Samsonite Group S.A. (OTCMKTS:SMSEY) gapped up before the market opened on Friday . The stock had previously closed at $10.9404, but opened at $11.41. Samsonite Group shares last traded at $11.66, with a volume of 2,015 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on SMSEY shares. UBS Group upgraded shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a 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 investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Samsonite Group has a consensus rating of “Buy”.

Samsonite Group Trading Down 0.4%

The firm has a market cap of $3.18 billion, a PE ratio of 10.60 and a beta of 0.67. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. The stock’s fifty day simple moving average is $12.68 and its two-hundred day simple moving average is $11.82.

About Samsonite Group

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.