Fossil Group (NASDAQ:FOSL) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Fossil Group, Inc. (NASDAQ:FOSL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.35 and traded as high as $1.95. Fossil Group shares last traded at $1.89, with a volume of 388,492 shares trading hands.

Wall Street Analyst Weigh In

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

Fossil Group Stock Performance

The business has a 50-day moving average of $1.62 and a two-hundred day moving average of $1.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10. The company has a market cap of $100.53 million, a P/E ratio of -0.81 and a beta of 2.25.

Insider Activity

In other news, CEO Franco Fogliato bought 111,175 shares of the stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of $1.37 per share, for a total transaction of $152,309.75. Following the completion of the purchase, the chief executive officer now directly owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. The trade was a 7.41 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Fossil Group

A number of large investors have recently made changes to their positions in FOSL. AQR Capital Management LLC purchased a new position in Fossil Group during the 2nd quarter worth $28,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Fossil Group by 91.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock worth $29,000 after acquiring an additional 9,624 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Fossil Group during the third quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fossil Group in the 2nd quarter valued at approximately $131,000. Finally, RBF Capital LLC boosted its stake in Fossil Group by 12.7% in the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after purchasing an additional 32,580 shares in the last quarter. 61.14% of the stock is owned by institutional investors and hedge funds.

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.