Watches of Switzerland Group (OTC:WOSGF) Trading Down 1.4% – What’s Next?

Shares of Watches of Switzerland Group plc (OTC:WOSGF) were down 1.4% during mid-day trading on Friday . The company traded as low as $4.45 and last traded at $4.45. Approximately 3,329 shares were traded during trading, a decline of 69% from the average daily volume of 10,835 shares. The stock had previously closed at $4.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WOSGF shares. Barclays reiterated an “overweight” rating on shares of Watches of Switzerland Group in a research report on Friday, May 16th. UBS Group started coverage on shares of Watches of Switzerland Group in a research report on Tuesday, July 15th. They set a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Watches of Switzerland Group presently has an average rating of “Moderate Buy”.

Watches of Switzerland Group Stock Down 1.4%

The company’s 50 day simple moving average is $4.90 and its 200 day simple moving average is $5.30.

About Watches of Switzerland Group

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.