The Swatch Group (OTCMKTS:SWGAY) Stock Price Passes Below 50 Day Moving Average – Here’s Why

The Swatch Group AG (OTCMKTS:SWGAYGet Free Report)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.25 and traded as low as $9.00. The Swatch Group shares last traded at $9.04, with a volume of 73,567 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered The Swatch Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 9th.

Get Our Latest Stock Analysis on The Swatch Group

The Swatch Group Price Performance

The company’s 50-day moving average is $9.26 and its 200-day moving average is $9.43.

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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