Fossil Group (NASDAQ:FOSL) Shares Cross Above 200-Day Moving Average - Here's What Happened

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.41 and traded as high as $1.80. Fossil Group shares last traded at $1.74, with a volume of 279,489 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Fossil Group from a "hold" rating to a "buy" rating in a research note on Monday, November 11th.

Fossil Group Stock Performance

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 business's 50 day moving average price is $1.79 and its 200-day moving average price is $1.42. The firm has a market capitalization of $92.02 million, a price-to-earnings ratio of -0.74 and a beta of 2.18.

Insider Transactions at Fossil Group

In other news, CEO Franco Fogliato purchased 111,175 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were acquired 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 $2,207,309.75. The trade was a 7.41 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in shares of Fossil Group during the second quarter valued at approximately $28,000. LVW Advisors LLC acquired a new position in Fossil Group during the fourth quarter worth approximately $100,000. XTX Topco Ltd acquired a new position in Fossil Group during the third quarter worth approximately $48,000. RBF Capital LLC increased its position in Fossil Group by 12.7% during the third 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 last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fossil Group during the fourth quarter worth approximately $35,000. 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.