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

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $8.86, but opened at $8.21. Hugo Boss shares last traded at $8.21, with a volume of 505 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “neutral” rating on shares of Hugo Boss in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Hugo Boss currently has an average rating of “Hold”.

Hugo Boss Trading Down 1.8%

The company has a 50 day moving average of $8.60 and a 200-day moving average of $8.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83 and a current ratio of 1.63. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 11.15 and a beta of 0.54.

Hugo Boss (OTCMKTS:BOSSY) last posted its earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). Hugo Boss had a return on equity of 16.12% and a net margin of 5.56%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, research analysts anticipate that Hugo Boss will post 0.65 earnings per share for the current year.

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.