Fossil Group (NASDAQ:FOSL) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Fossil Group, Inc. (NASDAQ:FOSL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.39 and traded as high as $1.70. Fossil Group shares last traded at $1.67, with a volume of 179,460 shares trading hands.

Wall Street Analyst Weigh In

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 Performance

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’s 50 day moving average price is $1.80 and its 200-day moving average price is $1.39.

Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Thursday, November 7th. The accessories brand company reported ($0.51) earnings per share for the quarter. The company had revenue of $287.80 million during the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%.

Insider Buying and Selling

In other Fossil Group news, CEO Franco Fogliato purchased 111,175 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of $1.37 per share, with a total value of $152,309.75. Following the acquisition, the chief executive officer now owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. The trade was a 7.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Fossil Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LVW Advisors LLC purchased a new stake in Fossil Group in the 4th quarter worth $100,000. XTX Topco Ltd purchased a new position in Fossil Group in the 3rd quarter worth approximately $48,000. RBF Capital LLC grew its position in shares of Fossil Group by 12.7% in the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after purchasing an additional 32,580 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in Fossil Group during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

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.