Watches of Switzerland Group (OTC:WOSGF) Shares Down 5.8% – What’s Next?

Shares of Watches of Switzerland Group plc (OTC:WOSGF) were down 5.8% during mid-day trading on Thursday . The stock traded as low as $6.8868 and last traded at $6.8868. Approximately 750 shares were traded during trading, a decline of 87% from the average daily volume of 5,716 shares. The stock had previously closed at $7.31.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Watches of Switzerland Group in a report on Friday, November 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Watches of Switzerland Group Price Performance

The firm’s 50-day moving average is $6.61 and its 200 day moving average is $5.58.

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.