Samsonite International (OTCMKTS:SMSEY) Reaches New 1-Year Low – Time to Sell?

Shares of Samsonite International S.A. (OTCMKTS:SMSEY) hit a new 52-week low during trading on Friday . The stock traded as low as $10.34 and last traded at $10.48, with a volume of 29149 shares trading hands. The stock had previously closed at $10.85.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Samsonite International to a “strong-buy” rating in a research note on Sunday, December 8th.

Samsonite International Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.61 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $13.37 and a two-hundred day moving average price of $13.12. The stock has a market cap of $2.91 billion, a P/E ratio of 8.06 and a beta of 0.65.

Samsonite International (OTCMKTS:SMSEY) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.41 earnings per share for the quarter. The business had revenue of $942.40 million during the quarter. Samsonite International had a return on equity of 22.81% and a net margin of 10.56%. On average, sell-side analysts forecast that Samsonite International S.A. will post 1.15 earnings per share for the current fiscal year.

Samsonite International Company Profile

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.