Shares of The Swatch Group AG (OTCMKTS:SWGNF – Get Free Report) dropped 3.9% during trading on Tuesday. The company traded as low as $40.30 and last traded at $40.30. Approximately 3,599 shares changed hands during mid-day trading, an increase of 591% from the average daily volume of 521 shares. The stock had previously closed at $41.95.
The Swatch Group Trading Down 3.9%
The stock’s 50-day simple moving average is $42.62 and its 200-day simple moving average is $44.73.
About The Swatch Group
The Swatch Group AG is a Swiss-based global watchmaking and luxury goods company headquartered in Biel/Bienne, Switzerland. The group develops, manufactures, distributes and services watches, watch movements, components and related products across multiple market segments, ranging from accessible watches to high-end mechanical timepieces and jewelry.
Its portfolio includes brands such as Swatch, Omega, Longines, Tissot, Breguet, Blancpain, Harry Winston, Glashütte Original, Rado, Hamilton, Certina, Mido and Union Glashütte.
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