Hugo Boss (OTCMKTS:BOSSY) Sees Large Volume Increase – Still a Buy?

Hugo Boss (OTCMKTS:BOSSY) shares saw strong trading volume on Thursday . 5,007 shares traded hands during trading, an increase of 317% from the previous session’s volume of 1,201 shares.The stock last traded at $8.85 and had previously closed at $8.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BOSSY shares. Royal Bank Of Canada downgraded Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a research report on Monday, December 8th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Hugo Boss Trading Down 0.3%

The company has a market capitalization of $3.05 billion, a P/E ratio of 12.29 and a beta of 0.63. The company has a 50 day moving average price of $8.49 and a 200 day moving average price of $9.07.

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.