Watches of Switzerland Group (LON:WOSG) Trading Down 14.8% – Here’s Why

Watches of Switzerland Group plc (LON:WOSG) shares were down 14.8% on Thursday . The stock traded as low as GBX 356 ($4.59) and last traded at GBX 360.80 ($4.65). Approximately 3,244,826 shares were traded during trading, an increase of 122% from the average daily volume of 1,463,344 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analyst Ratings Changes

Several brokerages have commented on WOSG. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 575 ($7.42) price objective on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Watches of Switzerland Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 480 ($6.19).

Watches of Switzerland Group Stock Down 6.9 %

The firm’s fifty day simple moving average is GBX 486.74 and its 200 day simple moving average is GBX 485.98. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. The company has a market cap of £824.26 million, a price-to-earnings ratio of 13.85, a PEG ratio of 1.56 and a beta of 2.17.

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.