Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.53 and traded as low as $10.22. Swatch Group shares last traded at $10.48, with a volume of 144,325 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on SWGAY shares. Zacks Research raised Swatch Group to a “hold” rating in a research report on Friday, May 8th. Kepler Capital Markets upgraded Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday. Citigroup reiterated a “neutral” rating on shares of Swatch Group in a research note on Thursday, June 18th. Sanford C. Bernstein lowered shares of Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada raised shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Swatch Group currently has an average rating of “Hold”.
Check Out Our Latest Research Report on Swatch Group
Swatch Group Stock Performance
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.
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