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

Fossil Group, Inc. (NASDAQ:FOSL) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.43 and traded as high as $1.80. Fossil Group shares last traded at $1.76, with a volume of 270,588 shares traded.

Analysts Set New Price Targets

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

Fossil Group Price Performance

The company’s fifty day moving average is $1.78 and its 200 day moving average is $1.43. 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 firm has a market cap of $93.35 million, a price-to-earnings ratio of -0.75 and a beta of 2.18.

Insider Activity

In other news, CEO Franco Fogliato acquired 111,175 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were purchased at an average cost of $1.37 per share, with a total value of $152,309.75. Following the acquisition, the chief executive officer now directly owns 1,611,175 shares in the company, valued at $2,207,309.75. This represents a 7.41 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Fossil Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in Fossil Group during the 4th quarter worth approximately $29,000. Raymond James Financial Inc. bought a new stake in shares of Fossil Group in the 4th quarter valued at $35,000. American Century Companies Inc. bought a new stake in Fossil Group in the fourth quarter valued at $47,000. XTX Topco Ltd bought a new stake in Fossil Group during the 3rd quarter worth approximately $48,000. Finally, Walleye Capital LLC bought a new stake in shares of Fossil Group in the 4th quarter worth $54,000. Institutional investors own 61.14% of the company’s stock.

About Fossil Group

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.