Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.46 and traded as high as $1.55. Fossil Group shares last traded at $1.48, with a volume of 448,599 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Fossil Group from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.
Get Our Latest Research Report on Fossil Group
Fossil Group Stock Down 1.3%
The firm has a market cap of $79.37 million, a P/E ratio of -0.82 and a beta of 2.44. The firm's 50 day moving average is $1.34 and its two-hundred day moving average is $1.45. The company has a current ratio of 1.84, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34.
Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its earnings results on Wednesday, May 14th. The accessories brand company reported ($0.10) earnings per share for the quarter. Fossil Group had a negative return on equity of 23.80% and a negative net margin of 8.55%. The firm had revenue of $233.30 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new stake in shares of Fossil Group during the fourth quarter worth about $29,000. Raymond James Financial Inc. acquired a new position in shares of Fossil Group in the 4th quarter valued at approximately $35,000. American Century Companies Inc. bought a new stake in Fossil Group during the 4th quarter worth approximately $47,000. Jane Street Group LLC raised its holdings in Fossil Group by 93.1% during the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company's stock worth $49,000 after buying an additional 20,530 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Fossil Group during the 4th quarter worth approximately $54,000. 61.14% of the stock is owned by institutional investors and hedge funds.
Fossil Group Company Profile
(
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Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.
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