Watches of Switzerland Group (OTCMKTS:WOSGF) Trading Up 6.7% – Should You Buy?

Shares of Watches of Switzerland Group plc (OTCMKTS:WOSGF) shot up 6.7% on Friday . The stock traded as high as $10.34 and last traded at $10.34. 5,502 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 13,380 shares. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WOSGF. UBS Group raised shares of Watches of Switzerland Group from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Jefferies Financial Group lowered Watches of Switzerland Group to a “hold” rating in a research report on Friday, July 10th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Watches of Switzerland Group in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Watches of Switzerland Group presently has an average rating of “Moderate Buy”.

Watches of Switzerland Group Price Performance

The stock has a fifty day moving average price of $9.72 and a two-hundred day moving average price of $7.96.

Watches of Switzerland Group Company Profile

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.