Fossil Group (NASDAQ:FOSL) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Fossil Group, Inc. (NASDAQ:FOSL)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.20 and traded as high as $1.33. Fossil Group shares last traded at $1.27, with a volume of 300,766 shares.

Fossil Group Stock Down 2.3 %

The firm has a fifty day moving average price of $1.15 and a 200 day moving average price of $1.20. The company has a market cap of $67.48 million, a P/E ratio of -0.44 and a beta of 2.18. The company has a quick ratio of 1.22, a current ratio of 1.94 and a debt-to-equity ratio of 0.84.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Thursday, August 8th. The accessories brand company reported ($0.47) earnings per share (EPS) for the quarter. The firm had revenue of $260.00 million for the quarter. Fossil Group had a negative net margin of 11.90% and a negative return on equity of 45.04%.

Hedge Funds Weigh In On Fossil Group

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Fossil Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,672,340 shares of the accessories brand company’s stock worth $2,726,000 after acquiring an additional 15,279 shares during the last quarter. Acadian Asset Management LLC grew its stake in Fossil Group by 3.3% in the first quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock valued at $592,000 after purchasing an additional 18,764 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in 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 buying an additional 49,100 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of 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 worth $29,000 after purchasing an additional 9,624 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Fossil Group during the second quarter worth approximately $131,000. 61.14% of the stock is currently owned by institutional investors and hedge funds.

About Fossil Group

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.