Samsonite Group (OTCMKTS:SMSEY) Shares Gap Down – Here’s Why

Samsonite Group S.A. (OTCMKTS:SMSEY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $10.80, but opened at $9.95. Samsonite Group shares last traded at $9.72, with a volume of 283 shares traded.

Samsonite Group Stock Performance

The company has a market cap of $2.66 billion, a PE ratio of 9.23 and a beta of 0.67. The stock has a 50 day simple moving average of $12.27 and a two-hundred day simple moving average of $11.81. 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) last announced its earnings results on Thursday, March 19th. The company reported $0.38 earnings per share (EPS) for the quarter. Samsonite Group had a net margin of 8.27% and a return on equity of 19.58%. The business had revenue of $963.30 million for the quarter. Equities analysts predict that Samsonite Group S.A. will post 1.15 EPS for the current year.

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.