Fossil Group (NASDAQ:FOSL) Stock Crosses Above Two Hundred Day Moving Average of $1.13

Fossil Group, Inc. (NASDAQ:FOSL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.13 and traded as high as $1.18. Fossil Group shares last traded at $1.12, with a volume of 201,944 shares changing hands.

Fossil Group Stock Down 4.3 %

The stock has a market capitalization of $59.28 million, a P/E 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. The firm’s fifty day moving average is $1.28 and its 200-day moving average is $1.13.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Nantahala Capital Management LLC increased its holdings in Fossil Group by 45.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after purchasing an additional 598,940 shares in the last quarter. AQR Capital Management LLC acquired a new position in Fossil Group during the 2nd quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Fossil Group during the 2nd quarter worth about $131,000. Vanguard Personalized Indexing Management LLC increased its position in Fossil Group by 91.7% in 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 acquiring an additional 9,624 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Fossil Group by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock worth $102,000 after purchasing an additional 49,100 shares in the last quarter. 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.