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

Watches of Switzerland Group plc (LON:WOSG)’s share 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). 4,470,943 shares traded hands during mid-day trading, an increase of 202% from the average session volume of 1,481,922 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analyst Ratings Changes

Several research analysts have issued reports on WOSG shares. Jefferies Financial Group reissued 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. Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Watches of Switzerland Group currently has an average rating of “Moderate Buy” and an average target price of GBX 480 ($6.19).

Watches of Switzerland Group Trading Down 6.9 %

The firm’s 50-day simple moving average is GBX 486.74 and its 200 day simple moving average is GBX 485.98. The stock has a market cap of £824.26 million, a P/E ratio of 13.85, a PEG 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.