Movado Group Inc. (MOV) Plunges 5.78% on July 06

Equities Staff  |

Movado Group Inc. (MOV) had a rough trading day for Thursday July 06 as shares tumbled 5.78%, or a loss of $-1.5 per share, to close at $24.45. After opening the day at $25.75, shares of Movado Group Inc. traded as high as $25.85 and as low as $24.23. Volume was 256,275 shares over 1,507 trades, against an average daily volume of 166,800 shares and a total float of 22.98 million.

As a result of the decline, Movado Group Inc. now has a market cap of $561.88 million.

The stock has a P/E Ratio of 21.8.

In the last year, shares of Movado Group Inc. have traded between a range of $31.95 and $20.23, and its 50-day SMA is currently $22.96 and 200-day SMA is $24.30.

For a complete fundamental analysis of Movado Group Inc., check out Equities.com’s Stock Valuation Analysis report for MOV.

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Movado Group Inc designs, sources, markets and distributes fine watches. Its brands include Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado, and Tommy Hilfiger Watches.

Movado Group Inc. is based out of Paramus, NJ and has some 1,100 employees. Its CEO is Efraim Grinberg.

Movado Group Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Movado Group Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MOV’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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