Samsonite Group (OTCMKTS:SMSEY) Shares Gap Up – Here’s What Happened

Samsonite Group S.A. (OTCMKTS:SMSEY)’s share price 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SMSEY. UBS Group upgraded shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Jefferies Financial Group upgraded shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Samsonite Group Trading Up 1.5%

The firm has a fifty day moving average of $12.70 and a two-hundred day moving average of $11.80. The company has a market cap of $3.23 billion, a PE ratio of 10.80 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.

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.