Fielmann Group (OTCMKTS:FLMNY) Stock Price Down 12.8% – Time to Sell?

Fielmann Group AG (OTCMKTS:FLMNY)’s stock price dropped 12.8% during mid-day trading on Tuesday . The stock traded as low as $10.2050 and last traded at $10.2050. Approximately 570 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 393 shares. The stock had previously closed at $11.70.

Fielmann Group Trading Down 12.8%

The firm has a fifty day simple moving average of $11.72 and a 200 day simple moving average of $12.42.

Fielmann Group Company Profile

Fielmann Group is a European eyewear retailer headquartered in Hamburg, Germany. Established in 1972 by Günther Fielmann, the company has grown to become one of the continent’s largest integrated optical providers. Fielmann’s core operations encompass the design, manufacture and retail of prescription frames, sunglasses, contact lenses and hearing aids. The group operates a network of over 800 retail stores across more than ten European countries, serving a broad customer base with a focus on quality and value.

Fielmann’s business model combines a vertically integrated supply chain with a retail‐led distribution network.