Watches of Switzerland Group (LON:WOSG) Shares Down 13.8% – Time to Sell?

Watches of Switzerland Group plc (LON:WOSG)’s share price was down 13.8% on Thursday . The company traded as low as GBX 356 ($4.59) and last traded at GBX 365.08 ($4.71). Approximately 4,470,943 shares traded hands during trading, an increase of 202% from the average daily volume of 1,481,922 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Shore Capital restated a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 575 ($7.42) target price on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Watches of Switzerland Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 480 ($6.19).

Watches of Switzerland Group Stock Down 6.9 %

The firm has a 50-day simple moving average of GBX 486.74 and a 200 day simple moving average of GBX 485.98. The company has a market capitalization of £824.26 million, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48.

Watches of Switzerland Group Company Profile

Established in 2007 the Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK, US and Europe comprising seven prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Hodinkee (US) and Analog:Shift (US) with a complementary jewellery offering.