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

Fossil Group, Inc. (NASDAQ:FOSL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.45 and traded as high as $1.60. Fossil Group shares last traded at $1.48, with a volume of 391,913 shares changing hands.

Wall Street Analysts Forecast Growth

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

Fossil Group Stock Up 4.2 %

The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $78.73 million, a P/E ratio of -0.64 and a beta of 2.18. The firm has a 50-day moving average price of $1.74 and a two-hundred day moving average price of $1.45.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in Fossil Group during the fourth quarter worth $29,000. Raymond James Financial Inc. bought a new stake in shares of Fossil Group during the fourth quarter worth $35,000. American Century Companies Inc. bought a new stake in shares of Fossil Group during the fourth quarter worth $47,000. Walleye Capital LLC bought a new stake in shares of Fossil Group during the fourth quarter worth $54,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Fossil Group during the fourth quarter worth $63,000. 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.