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

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WOSG shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 575 ($7.53) price target 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 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 480 ($6.29).

Watches of Switzerland Group Price Performance

The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69. The stock’s 50 day moving average price is GBX 493.93 and its two-hundred day moving average price is GBX 487.17. The firm has a market capitalization of £881.95 million, a price-to-earnings ratio of 14.82, a P/E/G 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.