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

Watches of Switzerland Group plc (LON:WOSG) shares traded down 13.8% on Thursday . The company traded as low as GBX 356 ($4.59) and last traded at GBX 365.08 ($4.71). 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 ($5.46).

Analyst Upgrades and Downgrades

WOSG has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 575 ($7.42) price objective on shares of Watches of Switzerland Group in a research 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 480 ($6.19).

Watches of Switzerland Group Stock Down 6.9 %

The company has a market capitalization of £824.26 million, a price-to-earnings ratio of 13.85, a P/E/G 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. The firm’s fifty day moving average price is GBX 486.74 and its 200-day moving average price is GBX 485.98.

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.