The Swatch Group (OTCMKTS:SWGAY) Sets New 52-Week Low – Time to Sell?

The Swatch Group AG (OTCMKTS:SWGAYGet Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $8.59 and last traded at $8.64, with a volume of 211849 shares. The stock had previously closed at $9.07.

Analyst Upgrades and Downgrades

SWGAY has been the subject of a number of recent analyst reports. Berenberg Bank upgraded shares of The Swatch Group to a “strong sell” rating in a report on Wednesday, October 30th. Jefferies Financial Group lowered The Swatch Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. Finally, UBS Group upgraded The Swatch Group to a “strong sell” rating in a report on Monday, September 23rd.

View Our Latest Stock Analysis on SWGAY

The Swatch Group Price Performance

The company’s 50 day moving average is $9.28 and its two-hundred day moving average is $9.85.

About The Swatch Group

(Get Free Report)

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.

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