Movado Group Inc. (MOV) Plunges 5.8% on April 01

Equities Staff  |

Movado Group Inc. (MOV) had a rough trading day for Monday April 01 as shares tumbled 5.8%, or a loss of $-2.11 per share, to close at $34.27. After opening the day at $36.43, shares of Movado Group Inc. traded as high as $36.67 and as low as $34.25. Volume was 284,367 shares over 3,531 trades, against an average daily volume of n/a shares and a total float of 16.4 million.

As a result of the decline, Movado Group Inc. now has a market cap of $561.94 million. In the last year, shares of Movado Group Inc. have traded between a range of $53.73 and $28.76, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

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 develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Wholesale and Retail segments. The Wholesale segment includes the design, development, sourcing, marketing, and distribution of watches, in addition to after-sales service activities and shipping. The Retail segment includes the company's outlet stores. Its timepieces are sold throughout North and South America, Europe, Asia and the Far East.

Movado Group Inc. is based out of Paramus, NJ and has some 1,000 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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