Fossil Group (NASDAQ:FOSL) Share Price Passes Above 200-Day Moving Average – Here’s Why

Fossil Group, Inc. (NASDAQ:FOSL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.23 and traded as high as $1.30. Fossil Group shares last traded at $1.19, with a volume of 201,921 shares.

Analysts Set New Price Targets

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

Fossil Group Stock Down 5.0 %

The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The business has a 50 day simple moving average of $1.19 and a 200-day simple moving average of $1.22. The firm has a market capitalization of $60.64 million, a price-to-earnings ratio of -0.49 and a beta of 2.18.

Hedge Funds Weigh In On Fossil Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of 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 valued at $2,726,000 after buying an additional 15,279 shares during the period. Nantahala Capital Management LLC grew its holdings in shares of Fossil Group by 45.8% in the second 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. Acadian Asset Management LLC increased its position in shares of Fossil Group by 3.3% during the first quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock worth $592,000 after acquiring an additional 18,764 shares during the period. RBF Capital LLC increased its holdings in Fossil Group by 12.7% during 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 during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Fossil Group by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after acquiring an additional 49,100 shares in the last quarter. 61.14% of the stock is currently 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.