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Crocs Inc., the Niwot-based maker of colorful clogs with holes, sank the most in more than five months in Nasdaq trading after its gross margin narrowed in the first quarter, causing analysts concern about a long return to profitability.
Crocs dropped 96 cents, or 28 percent, to $2.52 in Nasdaq Stock Market composite trading, the steepest tumble since November. Shares have fallen 78 percent in the past 12 months.
