Samsonite Group (OTCMKTS:SMSEY) Sees Unusually-High Trading Volume – Still a Buy?

Samsonite Group S.A. (OTCMKTS:SMSEY) shares saw strong trading volume on Thursday . 167,077 shares changed hands during mid-day trading, an increase of 293% from the previous session’s volume of 42,498 shares.The stock last traded at $13.04 and had previously closed at $12.5235.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Jefferies Financial Group upgraded Samsonite Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Zacks Research upgraded Samsonite Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 27th. Finally, UBS Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Samsonite Group has a consensus rating of “Buy”.

Samsonite Group Trading Down 1.1%

The business’s 50-day simple moving average is $11.57 and its 200-day simple moving average is $10.71. The company has a market cap of $3.59 billion, a PE ratio of 11.98 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.

Samsonite Group (OTCMKTS:SMSEY) last posted 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 business had revenue of $872.70 million for the quarter. As a group, analysts expect that Samsonite Group S.A. will post 1.15 EPS for the current fiscal 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.