Fossil Group (NASDAQ:FOSL) Shares Pass Above 200-Day Moving Average of $1.14

Fossil Group, Inc. (NASDAQ:FOSL)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.14 and traded as high as $1.17. Fossil Group shares last traded at $1.14, with a volume of 488,484 shares trading hands.

Fossil Group Stock Down 2.6 %

The stock’s 50-day moving average is $1.33 and its 200-day moving average is $1.13. The company has a market cap of $58.76 million, a price-to-earnings ratio of -0.42 and a beta of 2.16. The company has a current ratio of 2.16, a quick ratio of 1.40 and a debt-to-equity ratio of 0.90.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings data on Wednesday, May 8th. The accessories brand company reported ($0.30) earnings per share (EPS) for the quarter. Fossil Group had a negative return on equity of 37.15% and a negative net margin of 10.44%. The firm had revenue of $254.90 million during the quarter.

Institutional Investors Weigh In On Fossil Group

A number of hedge funds have recently modified their holdings of the stock. Partnership Wealth Management LLC purchased a new position in shares of Fossil Group in the fourth quarter valued at $1,496,000. Price T Rowe Associates Inc. MD boosted its holdings in Fossil Group by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after acquiring an additional 49,100 shares during the period. SG Americas Securities LLC grew its position in Fossil Group by 102.6% during the 4th quarter. SG Americas Securities LLC now owns 57,023 shares of the accessories brand company’s stock worth $83,000 after acquiring an additional 28,882 shares during the last quarter. Acadian Asset Management LLC increased its stake in Fossil Group by 3.3% in the 1st quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock worth $592,000 after purchasing an additional 18,764 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Fossil Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,672,340 shares of the accessories brand company’s stock valued at $2,726,000 after acquiring an additional 15,279 shares during the period. Institutional investors own 61.14% of the company’s stock.

Fossil Group Company Profile

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.