Fielmann Group (OTCMKTS:FLMNY) Shares Down 12.8% – Here’s Why

Fielmann Group AG (OTCMKTS:FLMNYGet Free Report) dropped 12.8% during trading on Tuesday . The company traded as low as $10.2050 and last traded at $10.2050. Approximately 570 shares traded hands during trading, an increase of 45% from the average daily volume of 393 shares. The stock had previously closed at $11.70.

Fielmann Group Price Performance

The firm’s 50-day moving average price is $11.72 and its two-hundred day moving average price is $12.42.

Fielmann Group Company Profile

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Fielmann Group is a European eyewear retailer headquartered in Hamburg, Germany. Established in 1972 by Günther Fielmann, the company has grown to become one of the continent’s largest integrated optical providers. Fielmann’s core operations encompass the design, manufacture and retail of prescription frames, sunglasses, contact lenses and hearing aids. The group operates a network of over 800 retail stores across more than ten European countries, serving a broad customer base with a focus on quality and value.

Fielmann’s business model combines a vertically integrated supply chain with a retail‐led distribution network.

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