Press coverage about Movado Group (NYSE:MOV) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Movado Group earned a news impact score of 0.20 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.4540767199531 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Movado Group (NYSE:MOV) traded down 2.56% on Monday, reaching $24.70. 66,336 shares of the company traded hands. Movado Group has a 1-year low of $20.23 and a 1-year high of $31.95. The stock has a market capitalization of $567.61 million, a price-to-earnings ratio of 20.67 and a beta of 0.35. The company has a 50-day moving average of $24.09 and a 200-day moving average of $24.04.

Movado Group (NYSE:MOV) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.09. The firm had revenue of $99.30 million for the quarter, compared to analyst estimates of $100.23 million. Movado Group had a net margin of 5.13% and a return on equity of 7.04%. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. Analysts anticipate that Movado Group will post $1.37 earnings per share for the current fiscal year.

MOV has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Movado Group from a “hold” rating to a “sell” rating in a report on Thursday, June 1st. ValuEngine downgraded shares of Movado Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Movado Group presently has an average rating of “Hold” and a consensus target price of $31.00.

TRADEMARK VIOLATION NOTICE: “Movado Group (NYSE:MOV) Earns Coverage Optimism Rating of 0.20” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/07/movado-group-nysemov-earns-coverage-optimism-rating-of-0-20.html.

Movado Group Company Profile

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.

Insider Buying and Selling by Quarter for Movado Group (NYSE:MOV)

Receive News & Ratings for Movado Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Movado Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.