Fossil Group (NASDAQ:FOSL) Posts Earnings Results

Fossil Group (NASDAQ:FOSL) posted its quarterly earnings results on Wednesday. The accessories brand company reported $0.39 earnings per share for the quarter, Zacks reports. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%.

Fossil Group Stock Performance

Fossil Group stock traded down $0.01 during trading hours on Wednesday, hitting $1.27. The company had a trading volume of 574,497 shares, compared to its average volume of 643,339. Fossil Group has a one year low of $0.75 and a one year high of $2.61. The firm has a market cap of $67.56 million, a PE ratio of -0.55 and a beta of 2.12. The firm has a 50-day moving average of $1.66 and a 200 day moving average of $1.46. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

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.