Fielmann Group (OTCMKTS:FLMNY) Stock Price Down 13.7% – Here’s Why

Fielmann Group AG (OTCMKTS:FLMNYGet Free Report)’s share price dropped 13.7% during mid-day trading on Tuesday . The stock traded as low as $9.10 and last traded at $9.10. 10,599 shares traded hands during mid-day trading, an increase of 646% from the average daily volume of 1,420 shares. The stock had previously closed at $10.54.

Fielmann Group Trading Down 13.7%

The business’s fifty day moving average price is $9.92 and its 200 day moving average price is $9.95.

About Fielmann Group

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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.

Further Reading

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