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MOV - Assessing If Movado's Multi-Year Lows Are In
Movado Group Inc.
Movado Group, Inc. (MOV) is a fine watch distributor in the US as well as international markets. The firm has a present market cap of just under $600 million. The first thing that came to mind when researching this stock was the company's gross margins.
At present, Movado's gross margin comes in at an impressive 54.5% over the past four quarters. In fact, this key metric has rarely been below 50% over the past decade.
What does this tell us? Well, with sustained margins such as these, it tells us that Movado has