Fossil Group (NASDAQ:FOSL) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Fossil Group (NASDAQ:FOSL) from a buy rating to a hold rating in a report published on Friday.

Fossil Group Stock Performance

NASDAQ FOSL opened at $1.38 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. Fossil Group has a fifty-two week low of $0.75 and a fifty-two week high of $2.61. The stock has a market cap of $73.41 million, a P/E ratio of -0.59 and a beta of 2.12. The stock has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $1.46.

Institutional Trading of Fossil Group

Several large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in shares of Fossil Group during the 4th quarter valued at about $29,000. Raymond James Financial Inc. bought a new stake in Fossil Group during the 4th quarter valued at approximately $35,000. American Century Companies Inc. bought a new stake in Fossil Group during the 4th quarter valued at approximately $47,000. XTX Topco Ltd purchased a new position in shares of Fossil Group during the 3rd quarter worth approximately $48,000. Finally, Walleye Capital LLC bought a new position in shares of Fossil Group in the 4th quarter worth approximately $54,000. Institutional investors 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.