Movado Group Inc. (MOV) Soars 7.64% on September 04

Equities Staff  |

Movado Group Inc. (MOV) had a good day on the market for Wednesday September 04 as shares jumped 7.64% to close at $21.97. About 391,837 shares traded hands on 4,074 trades for the day, compared with an average daily volume of 226,055 shares out of a total float of 23.05 million. After opening the trading day at $20.91, shares of Movado Group Inc. stayed within a range of $22.47 to $20.91.

With today's gains, Movado Group Inc. now has a market cap of $506.4 million.

The stock has a P/E Ratio of 8.7. Shares of Movado Group Inc. have been trading within a range of $45.55 and $18.78 over the last year, and it had a 50-day SMA of $25.19 and a 200-day SMA of $30.95.

Movado Group Inc designs develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. The company generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives majority revenue from the International location.

Movado Group Inc. is based out of Paramus, NJ and has some 1,140 employees. Its CEO is Efraim Grinberg.

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. is also 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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