Fossil Group (NASDAQ:FOSL) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Fossil Group, Inc. (NASDAQ:FOSL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.35 and traded as high as $1.95. Fossil Group shares last traded at $1.89, with a volume of 388,492 shares trading hands.

Analyst Ratings Changes

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 Stock Performance

The firm has a market capitalization of $106.65 million, a PE ratio of -0.86 and a beta of 2.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10. The company’s fifty day simple moving average is $1.63 and its 200 day simple moving average is $1.35.

Insider Activity at Fossil Group

In other news, CEO Franco Fogliato bought 111,175 shares of the stock in a transaction on Tuesday, November 26th. The shares were acquired at an average cost of $1.37 per share, for a total transaction of $152,309.75. Following the purchase, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This trade represents a 7.41 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fossil Group

Several large investors have recently added to or reduced their stakes in FOSL. Vanguard Personalized Indexing Management LLC boosted its position in shares of Fossil Group by 91.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after acquiring an additional 9,624 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Fossil Group during the 2nd quarter worth approximately $131,000. AQR Capital Management LLC bought a new stake in Fossil Group in the second quarter valued at approximately $28,000. Nantahala Capital Management LLC boosted its stake in shares of Fossil Group by 45.8% during the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after purchasing an additional 598,940 shares during the period. Finally, RBF Capital LLC grew its holdings 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 worth $339,000 after purchasing an additional 32,580 shares during the last quarter. 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.