Hugo Boss (OTCMKTS:BOSSY) Stock Crosses Below 50 Day Moving Average – What’s Next?

Hugo Boss AG (OTCMKTS:BOSSY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.95 and traded as low as $7.65. Hugo Boss shares last traded at $7.65, with a volume of 548 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded Hugo Boss from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 14th.

Hugo Boss Stock Performance

The company has a market cap of $2.64 billion, a P/E ratio of 11.42 and a beta of 1.03. The company’s 50-day moving average price is $8.95 and its two-hundred day moving average price is $8.76. 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.