Samsonite International (OTCMKTS:SMSEY) Hits New 1-Year Low – Here’s Why

Samsonite International S.A. (OTCMKTS:SMSEY) shares hit a new 52-week low on Wednesday . The company traded as low as $10.68 and last traded at $10.90, with a volume of 6007 shares. The stock had previously closed at $11.46.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank raised shares of Samsonite International to a “strong-buy” rating in a research note on Thursday, August 15th.

Samsonite International Stock Down 4.8 %

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.61. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 8.42 and a beta of 0.50. The business’s 50 day moving average is $12.10 and its 200 day moving average is $13.94.

Samsonite International (OTCMKTS:SMSEY) last issued its earnings results on Wednesday, August 14th. The company reported $0.30 EPS for the quarter. The business had revenue of $908.90 million during the quarter. Samsonite International had a return on equity of 25.81% and a net margin of 11.67%. Equities analysts expect that Samsonite International S.A. will post 1.25 earnings per share for the current year.

About Samsonite International

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.