Watches of Switzerland Group (OTCMKTS:WOSGF) Shares Up 11.3% – Still a Buy?

Shares of Watches of Switzerland Group plc (OTCMKTS:WOSGF) traded up 11.3% during trading on Wednesday. The stock traded as high as $9.45 and last traded at $9.45. 14,979 shares traded hands during trading, a decline of 9% from the average daily volume of 16,470 shares. The stock had previously closed at $8.49.

Analyst Upgrades and Downgrades

WOSGF has been the topic of several recent analyst reports. Jefferies Financial Group lowered shares of Watches of Switzerland Group to a “hold” rating in a research note on Friday, July 10th. UBS Group upgraded Watches of Switzerland Group from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Watches of Switzerland Group in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Watches of Switzerland Group Price Performance

The company has a fifty day moving average of $9.34 and a 200-day moving average of $8.65.

Watches of Switzerland Group Company Profile

Watches of Switzerland Group plc is a specialist retailer of luxury watches and fine jewelry. The company operates through brands including Watches of Switzerland, Goldsmiths, Mappin & Webb, Mayors and Betteridge, offering products from leading Swiss watchmakers as well as a range of luxury jewelry and related accessories.

The group sells new and pre-owned luxury timepieces, jewelry and watch services through physical showrooms and online channels. Its retail activities include authorized sales, after-sales servicing, repairs, maintenance and personalization, supporting customers throughout the ownership of their watches and jewelry.

Watches of Switzerland Group serves customers in the United Kingdom, the United States and Europe.