Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Here’s Why

Hugo Boss (OTCMKTS:BOSSY) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.6050, but opened at $8.00. Hugo Boss shares last traded at $8.00, with a volume of 783 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on BOSSY. Royal Bank Of Canada cut shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 26th. Kepler Capital Markets raised Hugo Boss to a “hold” rating in a research note on Monday, December 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hugo Boss Stock Down 7.0%

The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 11.11 and a beta of 0.62. The stock’s fifty day moving average is $8.52 and its 200-day moving average is $8.98.

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.