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

Watches of Switzerland Group plc (LON:WOSG) traded down 13.8% during trading on Thursday . The company traded as low as GBX 356 ($4.66) and last traded at GBX 365.08 ($4.78). 4,470,943 shares were traded during mid-day trading, an increase of 202% from the average session volume of 1,481,922 shares. The stock had previously closed at GBX 423.40 ($5.55).

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 575 ($7.53) price objective on shares of Watches of Switzerland Group in a report on Friday, December 6th. Shore Capital restated a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Watches of Switzerland Group currently has an average rating of “Moderate Buy” and an average price target of GBX 480 ($6.29).

Watches of Switzerland Group Price Performance

The company has a debt-to-equity ratio of 109.69, a quick ratio of 0.48 and a current ratio of 1.95. The firm has a fifty day simple moving average of GBX 490.60 and a two-hundred day simple moving average of GBX 486.33. The firm has a market cap of £888.04 million, a PE ratio of 14.92, a PEG ratio of 1.56 and a beta of 2.17.

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.