Fielmann Group (OTCMKTS:FLMNY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Fielmann Group AG (OTCMKTS:FLMNY)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $9.53 and traded as high as $9.69. Fielmann Group shares last traded at $9.69, with a volume of 1,659 shares trading hands.

Fielmann Group Stock Up 4.7%

The company has a 50 day moving average of $8.78 and a two-hundred day moving average of $9.53.

Fielmann Group Company Profile

Fielmann Group is a Germany-based optical retailer that sells prescription glasses, sunglasses and contact lenses through physical stores and online channels. Its services include eye examinations, vision advice, eyewear fitting and repair, as well as hearing care through its hearing-aid business.

Founded in 1972 by Günther Fielmann, the company grew from a German optician into an international retail group. It serves customers across several European markets and has expanded into the United States through acquisitions of optical businesses.

Fielmann remains family-controlled, with Marc Fielmann, the founder’s son, serving as chief executive.