The Swatch Group (OTCMKTS:SWGAY) Hits New 52-Week Low – Here’s Why

The Swatch Group AG (OTCMKTS:SWGAYGet Free Report) hit a new 52-week low on Friday . The stock 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.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on The Swatch Group

The Swatch Group Stock Performance

The stock has a 50-day simple moving average of $9.32 and a 200-day simple moving average of $9.86.

The Swatch Group Company Profile

(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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