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

Watches of Switzerland Group plc (LON:WOSG)’s stock price dropped 13.8% on Thursday . The stock traded as low as GBX 356 ($4.59) and last traded at GBX 365.08 ($4.71). Approximately 4,470,943 shares changed hands 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 ($5.46).

Wall Street Analyst Weigh In

WOSG has been the subject of a number of analyst reports. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Jefferies Financial Group reiterated 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Watches of Switzerland Group has an average rating of “Moderate Buy” and an average price target of GBX 480 ($6.19).

Watches of Switzerland Group Price Performance

The business’s 50-day simple moving average is GBX 486.74 and its 200 day simple moving average is GBX 485.98. The company has a market capitalization of £824.26 million, a P/E ratio of 13.85, a P/E/G ratio of 1.56 and a beta of 2.17. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69.

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.