Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $11.84 and last traded at $11.70, with a volume of 48037 shares. The stock had previously closed at $10.5450.
Swatch Group Stock Up 11.8%
The stock’s fifty day moving average price is $10.54 and its 200-day moving average price is $9.91.
About Swatch Group
The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.
Manufacturing and technical competence are central to the company’s operations.
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