Hugo Boss (OTCMKTS:BOSSY) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Hugo Boss (OTCMKTS:BOSSY)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.55 and traded as low as $8.49. Hugo Boss shares last traded at $8.49, with a volume of 0 shares traded.

Analyst Ratings Changes

Separately, Citigroup reissued a “neutral” rating on shares of Hugo Boss in a research report on Monday, May 11th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hugo Boss has a consensus rating of “Hold”.

Hugo Boss Stock Performance

The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.93 billion, a PE ratio of 10.88 and a beta of 0.52. The firm’s fifty day moving average price is $8.61 and its 200 day moving average price is $8.55.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Hugo Boss had a net margin of 5.56% and a return on equity of 16.12%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, research analysts anticipate that Hugo Boss will post 0.65 earnings per share for the current 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.