Watches of Switzerland Group (OTCMKTS:WOSGF) Shares Down 0.7% – Here’s What Happened

Watches of Switzerland Group plc (OTCMKTS:WOSGF)’s stock price dropped 0.7% during mid-day trading on Friday . The company traded as low as $9.6220 and last traded at $9.6220. 7,384 shares changed hands during trading, a decline of 57% from the average session volume of 17,326 shares. The stock had previously closed at $9.69.

Analysts Set New Price Targets

A number of research firms have commented on WOSGF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Watches of Switzerland Group in a research report on Tuesday, July 28th. Jefferies Financial Group cut Watches of Switzerland Group to a “hold” rating in a research note on Friday, July 10th. Finally, UBS Group upgraded Watches of Switzerland Group from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Watches of Switzerland Group currently has an average rating of “Moderate Buy”.

Watches of Switzerland Group Trading Down 0.7%

The stock’s fifty day moving average price is $9.81 and its 200 day moving average price is $8.26.

About Watches of Switzerland Group

Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services. Watches of Switzerland Group plc was founded in 1775 and is headquartered in Leicester, the United Kingdom.