Watches of Switzerland Group (OTCMKTS:WOSGF) Stock Price Up 7.5% – Here’s Why

Watches of Switzerland Group plc (OTCMKTS:WOSGF)’s share price shot up 7.5% on Monday. The company traded as high as $10.48 and last traded at $10.48. Approximately 4,806 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 15,629 shares. The stock had previously closed at $9.75.

Analyst Ratings Changes

Several equities research analysts have issued reports on WOSGF shares. Jefferies Financial Group lowered shares of Watches of Switzerland Group to a “hold” rating in a research note on Friday, July 10th. Royal Bank Of Canada restated a “sector perform” rating on shares of Watches of Switzerland Group in a research note on Tuesday, July 28th. Finally, UBS Group upgraded shares of Watches of Switzerland Group from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Watches of Switzerland Group Price Performance

The firm’s 50 day moving average is $9.19 and its two-hundred day moving average is $8.28.

Watches of Switzerland Group Company Profile

Watches of Switzerland Group plc is a specialist retailer of luxury watches and jewelry. The company sells new and pre-owned timepieces from leading Swiss and international watchmakers, as well as fine jewelry, through multi-brand stores, mono-brand boutiques and online channels. Its services also include watch repairs, maintenance, valuations and other after-sales support.

The group operates under retail banners including Watches of Switzerland, Goldsmiths, Mappin & Webb, Mayors and Betteridge.