Hugo Boss (OTCMKTS:BOSSY) Shares Gap Up – Should You Buy?

Hugo Boss (OTCMKTS:BOSSY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $8.2350, but opened at $9.00. Hugo Boss shares last traded at $9.00, with a volume of 12,463 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a research note on Monday, May 11th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Hugo Boss Price Performance

The firm has a market capitalization of $3.23 billion, a P/E ratio of 12.00 and a beta of 0.54. The firm has a 50-day moving average of $8.57 and a 200-day moving average of $8.55. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 1.56.

Hugo Boss (OTCMKTS:BOSSY) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.19). Hugo Boss had a return on equity of 15.66% and a net margin of 5.56%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, analysts predict that Hugo Boss will post 0.65 EPS 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.