Fossil Group (NASDAQ:FOSL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Fossil Group, Inc. (NASDAQ:FOSL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.30 and traded as high as $2.04. Fossil Group shares last traded at $1.87, with a volume of 597,666 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Fossil Group Trading Down 6.0 %

The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. The company’s fifty day moving average is $1.41 and its 200-day moving average is $1.30. The firm has a market capitalization of $99.47 million, a P/E ratio of -0.80 and a beta of 2.25.

Insider Buying and Selling

In other news, CEO Franco Fogliato acquired 111,175 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average cost of $1.37 per share, with a total value of $152,309.75. Following the acquisition, the chief executive officer now owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. This represents a 7.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is owned by insiders.

Institutional Trading of Fossil Group

Large investors have recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in Fossil Group during the 2nd quarter valued at $28,000. Vanguard Personalized Indexing Management LLC raised its stake in Fossil Group by 91.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after purchasing an additional 9,624 shares during the last quarter. XTX Topco Ltd acquired a new position in Fossil Group during the 3rd quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fossil Group during the 2nd quarter valued at $131,000. Finally, Price T Rowe Associates Inc. MD raised its stake 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 purchasing an additional 49,100 shares during the last quarter. 61.14% of the stock is owned by institutional investors.

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.