Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Time to Sell?

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped down prior to trading 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada lowered Hugo Boss from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 26th. Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a report on Monday, December 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hugo Boss Stock Down 7.0%

The company has a market cap of $2.76 billion, a P/E ratio of 11.11 and a beta of 0.62. The business has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $8.98.

Hugo Boss Company Profile

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.