Samsonite Group (OTCMKTS:SMSEY) Shares Up 14.1% on Analyst Upgrade

Samsonite Group S.A. (OTCMKTS:SMSEY) was up 14.1% during trading on Thursday after UBS Group upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $12.00 and last traded at $12.00. Approximately 4,700 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 45,391 shares. The stock had previously closed at $10.5188.

Other equities research analysts also recently issued research reports about the stock. Zacks Research raised shares of Samsonite Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. Jefferies Financial Group raised shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Samsonite Group has an average rating of “Strong Buy”.

Samsonite Group Trading Down 1.2%

The stock has a market cap of $3.31 billion, a P/E ratio of 11.48 and a beta of 0.69. The stock’s fifty day moving average is $10.81 and its 200 day moving average is $10.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.70 and a current ratio of 1.13.

Samsonite Group (OTCMKTS:SMSEY) last released its earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $872.70 million for the quarter. Samsonite Group had a return on equity of 20.98% and a net margin of 8.46%. As a group, equities research analysts predict that Samsonite Group S.A. will post 1.15 earnings per share for the current fiscal year.

About Samsonite Group

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.