Swatch Group (OTCMKTS:SWGAY) Hits New 52-Week High – Here’s What Happened

Shares of Swatch Group AG (OTCMKTS:SWGAY) hit a new 52-week high during trading on Wednesday . The company traded as high as $13.0365 and last traded at $12.85, with a volume of 55511 shares. The stock had previously closed at $12.57.

Analysts Set New Price Targets

Separately, Citigroup restated a “neutral” rating on shares of Swatch Group in a report on Friday, February 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Swatch Group Stock Down 1.4%

The stock’s fifty day simple moving average is $10.93 and its two-hundred day simple moving average is $10.13.

About Swatch Group

The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.

Manufacturing and technical competence are central to the company’s operations.