Watches of Switzerland Group (LON:WOSG) Shares Down 14.7% – Should You Sell?

Watches of Switzerland Group plc (LON:WOSG)’s stock price fell 14.7% on Thursday . The stock traded as low as GBX 358 ($4.65) and last traded at GBX 361.20 ($4.69). 2,712,027 shares traded hands during trading, an increase of 86% from the average session volume of 1,455,272 shares. The stock had previously closed at GBX 423.40 ($5.50).

Analyst Upgrades and Downgrades

WOSG has been the subject of a number of research reports. Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Jefferies Financial Group restated a “buy” rating and set a GBX 575 ($7.47) price objective on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 480 ($6.23).

Watches of Switzerland Group Stock Down 15.1 %

The firm has a market cap of £867.97 million, a price-to-earnings ratio of 14.58, a price-to-earnings-growth 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. The stock has a 50-day moving average of GBX 493.93 and a 200-day moving average of GBX 487.17.

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.