Hugo Boss (OTCMKTS:BOSSY) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Hugo Boss AG (OTCMKTS:BOSSY) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.19 and traded as low as $9.03. Hugo Boss shares last traded at $9.03, with a volume of 919 shares.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Hugo Boss from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd.

Hugo Boss Price Performance

The company has a market capitalization of $3.12 billion, a PE ratio of 13.48 and a beta of 1.03. The firm has a fifty day moving average of $9.19 and a two-hundred day moving average of $8.80. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.79.

About Hugo Boss

Hugo Boss AG, together with its subsidiaries, provides apparels, shoes, and accessories for men and women worldwide. It also offers licensed products comprising of fragrances, eyewear, watches, children’s fashion, equestrian, and cycling. The company markets and sells its products under the BOSS and HUGO brand names through freestanding stores, shop-in-shops, factory outlets, multi-brand stores, and franchise business, as well as online retailers, distribution, and stores.