Hugo Boss (OTCMKTS:BOSSY) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Hugo Boss (OTCMKTS:BOSSY)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.55 and traded as low as $8.49. Hugo Boss shares last traded at $8.49, with a volume of 0 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on BOSSY shares. Citigroup reiterated a “neutral” rating on shares of Hugo Boss in a research report on Monday, May 11th. Royal Bank Of Canada downgraded shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Hugo Boss Price Performance

The company has a market capitalization of $2.93 billion, a P/E ratio of 10.88 and a beta of 0.52. The business’s 50-day simple moving average is $8.61 and its 200 day simple moving average is $8.55. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Hugo Boss had a return on equity of 16.12% and a net margin of 5.56%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, sell-side analysts anticipate that Hugo Boss will post 0.65 EPS for the current year.

About Hugo Boss

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.