Watches of Switzerland Group (OTCMKTS:WOSGF) Trading Up 6.7% – Time to Buy?

Watches of Switzerland Group plc (OTCMKTS:WOSGF)’s share price was up 6.7% during mid-day trading on Friday . The company traded as high as $10.34 and last traded at $10.34. 5,502 shares were traded during mid-day trading, a decline of 59% from the average session volume of 13,380 shares. The stock had previously closed at $9.69.

Analysts Set New Price Targets

A number of research firms have weighed in on WOSGF. UBS Group raised Watches of Switzerland Group from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Watches of Switzerland Group in a report on Tuesday, July 28th. Finally, Jefferies Financial Group lowered shares of Watches of Switzerland Group to a “hold” rating in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Watches of Switzerland Group Stock Up 6.7%

The company has a fifty day moving average price of $9.72 and a two-hundred day moving average price of $7.96.

Watches of Switzerland Group Company Profile

Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services. Watches of Switzerland Group plc was founded in 1775 and is headquartered in Leicester, the United Kingdom.