Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – Here’s What Happened

Shares of Hugo Boss (OTCMKTS:BOSSY) gapped up prior to trading on Thursday . The stock had previously closed at $8.18, but opened at $8.70. Hugo Boss shares last traded at $8.70, with a volume of 100 shares.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Hugo Boss Price Performance

The stock’s 50 day simple moving average is $8.88 and its 200-day simple moving average is $9.33. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 12.08 and a beta of 0.63.

Hugo Boss (OTCMKTS:BOSSY) last posted its earnings results on Tuesday, November 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Hugo Boss had a net margin of 5.31% and a return on equity of 15.59%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.01 billion. As a group, equities research analysts anticipate that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

About Hugo Boss

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.