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

Fossil Group, Inc. (NASDAQ:FOSL) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.46 and traded as high as $1.55. Fossil Group shares last traded at $1.48, with a volume of 448,599 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a report on Friday, May 16th.

Fossil Group Stock Up 13.0%

The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.14 and a current ratio of 1.84. The firm has a market capitalization of $79.37 million, a PE ratio of -0.82 and a beta of 2.45. The company’s 50 day simple moving average is $1.31 and its 200-day simple moving average is $1.46.

Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Wednesday, May 14th. The accessories brand company reported ($0.10) earnings per share for the quarter. The company had revenue of $233.30 million for the quarter. Fossil Group had a negative net margin of 8.55% and a negative return on equity of 23.80%.

Institutional Investors Weigh In On Fossil Group

A number of large investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new position in Fossil Group during the 4th quarter valued at about $29,000. Raymond James Financial Inc. purchased a new position in Fossil Group during the 4th quarter valued at about $35,000. American Century Companies Inc. purchased a new position in Fossil Group during the 4th quarter valued at about $47,000. Jane Street Group LLC lifted its position in Fossil Group by 93.1% during the 1st quarter. Jane Street Group LLC now owns 42,584 shares of the accessories brand company’s stock valued at $49,000 after acquiring an additional 20,530 shares during the period. Finally, Walleye Capital LLC purchased a new position in Fossil Group during the 4th quarter valued at about $54,000. Institutional investors own 61.14% of the company’s stock.

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.