Deutsche Bank Lowers Sanlam (OTCMKTS:SMSEY) to Hold

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Sanlam (OTCMKTS:SMSEY) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, October 15th, The Fly reports.

OTCMKTS:SMSEY traded down $0.60 during mid-day trading on Monday, hitting $15.10. The company had a trading volume of 14,846 shares, compared to its average volume of 25,268. Sanlam has a 1 year low of $13.70 and a 1 year high of $24.06.

Sanlam Company Profile

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags worldwide. It offers luggage, business, computer, outdoor, casual, and women's bags, as well as travel accessories and slim protective cases for personal electronic devices 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.

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