Watches of Switzerland Group (LON:WOSG) Trading Down 14.7% – Here’s Why

Watches of Switzerland Group plc (LON:WOSG)’s stock price traded down 14.7% during trading on Thursday . The company traded as low as GBX 358 ($4.65) and last traded at GBX 361.20 ($4.69). 2,712,027 shares changed hands during mid-day trading, an increase of 86% from the average session volume of 1,455,272 shares. The stock had previously closed at GBX 423.40 ($5.50).

Analyst Ratings Changes

WOSG has been the subject of several analyst reports. Shore Capital reiterated 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 ($7.47) price objective on shares of Watches of Switzerland Group in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 480 ($6.23).

Watches of Switzerland Group Price Performance

The company has a 50 day simple moving average of GBX 493.93 and a 200 day simple moving average of GBX 487.17. The company has a market capitalization of £867.97 million, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69.

About Watches of Switzerland Group

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.