Swatch Group AG (OTCMKTS:SWGAY – Get Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.00 and traded as low as $11.48. Swatch Group shares last traded at $11.62, with a volume of 72,541 shares trading hands.
Analyst Ratings Changes
SWGAY has been the subject of several recent analyst reports. Citigroup restated a “neutral” rating on shares of Swatch Group in a research report on Thursday, June 18th. Kepler Capital Markets raised shares of Swatch Group from a “reduce” rating to a “buy” rating in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Swatch Group to a “hold” rating in a research note on Friday, May 8th. Sanford C. Bernstein cut shares of Swatch Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada raised Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Swatch Group has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on SWGAY
Swatch Group Trading Up 0.6%
Swatch Group Company Profile
The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.
Manufacturing and technical competence are central to the company’s operations.
Further Reading
- Five stocks we like better than Swatch Group
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Swatch Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swatch Group and related companies with MarketBeat.com's FREE daily email newsletter.
