Samsonite Group (OTCMKTS:SMSEY) Shares Gap Up – Time to Buy?

Samsonite Group S.A. (OTCMKTS:SMSEY)’s stock 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 traded.

Wall Street Analyst Weigh In

SMSEY has been the topic of several recent research reports. Jefferies Financial Group raised shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. UBS Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Samsonite Group Stock Up 1.5%

The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $3.23 billion, a P/E ratio of 10.80 and a beta of 0.67. The stock’s 50-day simple moving average is $12.70 and its 200-day simple moving average is $11.80.

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.