The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.59 and last traded at $8.64, with a volume of 211849 shares traded. The stock had previously closed at $9.07.
Wall Street Analyst Weigh In
SWGAY has been the topic of several analyst reports. Jefferies Financial Group downgraded The Swatch Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. UBS Group upgraded shares of The Swatch Group to a “strong sell” rating in a research note on Monday, September 23rd. Finally, Berenberg Bank upgraded shares of The Swatch Group to a “strong sell” rating in a research note on Wednesday, October 30th.
Read Our Latest Report on The Swatch Group
The Swatch Group Trading Down 4.7 %
About The Swatch Group
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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