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Fossil Group (NASDAQ:FOSL) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Fossil Group logo with Retail/Wholesale background

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.16 and traded as high as $1.21. Fossil Group shares last traded at $1.19, with a volume of 226,488 shares trading hands.

Fossil Group Stock Up 1.7 %

The business's 50 day simple moving average is $1.13 and its 200-day simple moving average is $1.16. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.22 and a current ratio of 1.94. The company has a market cap of $63.22 million, a price-to-earnings ratio of -0.41 and a beta of 2.20.

Fossil Group (NASDAQ:FOSL - Get Free Report) last released its earnings results on Thursday, August 8th. The accessories brand company reported ($0.47) earnings per share for the quarter. Fossil Group had a negative return on equity of 45.04% and a negative net margin of 11.90%. The firm had revenue of $260.00 million for the quarter.

Institutional Investors Weigh In On Fossil Group

Several large investors have recently made changes to their positions in FOSL. AQR Capital Management LLC acquired a new stake in shares of Fossil Group during the 2nd quarter worth approximately $28,000. Vanguard Personalized Indexing Management LLC raised its holdings 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 period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Fossil Group in the second quarter valued at about $131,000. Price T Rowe Associates Inc. MD boosted its position in Fossil Group by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company's stock worth $102,000 after acquiring an additional 49,100 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Fossil Group by 3.3% in the first quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company's stock valued at $592,000 after purchasing an additional 18,764 shares in the last quarter. Institutional investors own 61.14% of the company's stock.

About Fossil Group

(Get Free Report)

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.

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