Hugo Boss (OTCMKTS:BOSSY) Stock Passes Below 50-Day Moving Average – Here’s Why

Hugo Boss AG (OTCMKTS:BOSSY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.44 and traded as low as $7.85. Hugo Boss shares last traded at $7.85, with a volume of 3,238 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered shares of Hugo Boss from a “strong-buy” rating to a “hold” rating in a report on Friday, March 14th.

Hugo Boss Stock Up 1.3 %

The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 11.72 and a beta of 0.79. The firm has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $8.67.

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.