Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – What’s Next?

Hugo Boss (OTCMKTS:BOSSY) shares gapped down prior to trading on Thursday . The stock had previously closed at $8.87, but opened at $8.47. Hugo Boss shares last traded at $8.47, with a volume of 400 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BOSSY shares. Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a research note on Monday, December 8th. Royal Bank Of Canada cut shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Hugo Boss Trading Down 4.5%

The firm’s 50 day moving average price is $8.54 and its 200-day moving average price is $9.04. The company has a market cap of $2.92 billion, a P/E ratio of 11.76 and a beta of 0.63.

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.