Swatch Group (OTCMKTS:SWGAY) Sees Large Volume Increase – Here’s What Happened

Shares of Swatch Group AG (OTCMKTS:SWGAYGet Free Report) saw strong trading volume on Wednesday . 81,001 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 99,694 shares.The stock last traded at $12.80 and had previously closed at $12.77.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “neutral” rating on shares of Swatch Group in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Swatch Group has a consensus rating of “Hold”.

Read Our Latest Report on Swatch Group

Swatch Group Price Performance

The firm’s fifty day moving average is $11.25 and its 200-day moving average is $10.29.

About Swatch Group

(Get Free Report)

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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