Watches of Switzerland Group (LON:WOSG) Hits New 52-Week Low at $324.60

Shares of Watches of Switzerland Group plc (LON:WOSG) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 324.60 ($4.08) and last traded at GBX 326 ($4.10), with a volume of 21373437 shares. The stock had previously closed at GBX 332.60 ($4.18).

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WOSG. Royal Bank of Canada reduced their price target on shares of Watches of Switzerland Group from GBX 475 ($5.97) to GBX 425 ($5.34) and set an “outperform” rating for the company in a report on Tuesday, April 23rd. Citigroup reissued a “buy” rating and issued a GBX 440 ($5.53) price target on shares of Watches of Switzerland Group in a research note on Tuesday, April 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 580 ($7.29) price objective on shares of Watches of Switzerland Group in a research report on Friday, February 9th.

Watches of Switzerland Group Stock Down 0.9 %

The firm’s 50-day simple moving average is GBX 362.21 and its 200 day simple moving average is GBX 484.44. The company has a debt-to-equity ratio of 102.29, a quick ratio of 0.48 and a current ratio of 1.69. The stock has a market capitalization of £789.31 million, a P/E ratio of 755.91, a PEG ratio of 0.97 and a beta of 2.07.

Insider Buying and Selling

In related news, insider Ian Carter acquired 50,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of GBX 377 ($4.74) per share, with a total value of £188,500 ($236,809.05). 4.53% of the stock is currently owned by corporate insiders.

Watches of Switzerland Group Company Profile

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.