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Movado Group, Inc (NYSE:MOV) has been downgraded to Hold in a statement by ValuEngine earlier today.

ValuEngine has downgraded Movado Group, Inc (NYSE:MOV) to Hold in a statement released on 06/02/2017.

Having a price of $22.00, Movado Group, Inc (NYSE:MOV) traded 1.79% higher on the day. The last stock close price is down 15.57% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the date range. Movado Group, Inc has recorded a 50-day average of $27.59 and a two hundred day average of $24.62. Volume of trade was down over the average, with 78,994 shares of MOV changing hands under the typical 120,397

Performance Chart

Movado Group, Inc (NYSE:MOV)

With a total market value of $0, Movado Group, Inc has price-earnings ratio of 24.32 with a one year low of $20.50 and a one year high of $31.95 .

Brief Synopsis About Movado Group, Inc (NYSE:MOV)

Movado Group, Inc. designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers. The Retail segment includes its outlet stores. As of January 31, 2017, its subsidiary, Movado Retail Group, Inc., operated 40 outlet stores located in outlet centers across the United States. It divides its business into two geographic locations: the United States operations and International operations. It has international operations in Europe, the Americas, the Middle East and Asia. Its portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.

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