Watches of Switzerland Group (LON:WOSG) Trading Down 14.7% – Time to Sell?

Shares of Watches of Switzerland Group plc (LON:WOSG) fell 14.7% on Thursday . The stock traded as low as GBX 358 ($4.62) and last traded at GBX 361.20 ($4.66). 2,712,027 shares were traded 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 ($5.46).

Wall Street Analyst Weigh In

WOSG has been the topic of a number of recent research reports. Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Watches of Switzerland Group has an average rating of “Moderate Buy” and a consensus price target of GBX 480 ($6.19).

Watches of Switzerland Group Trading Down 6.9 %

The company has a fifty day moving average of GBX 486.74 and a two-hundred day moving average of GBX 485.98. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69. The stock has a market capitalization of £824.26 million, a price-to-earnings ratio of 13.85, a P/E/G ratio of 1.56 and a beta of 2.17.

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.