Watches of Switzerland Group (LON:WOSG) Sets New 12-Month Low at $355.40

Watches of Switzerland Group plc (LON:WOSG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 355.40 ($4.52) and last traded at GBX 356.40 ($4.54), with a volume of 105895 shares changing hands. The stock had previously closed at GBX 366.40 ($4.66).

Analysts Set New Price Targets

Separately, Barclays reaffirmed an “overweight” rating and issued a GBX 580 ($7.38) price target on shares of Watches of Switzerland Group in a report on Friday, February 9th.

Watches of Switzerland Group Stock Performance

The firm’s 50 day moving average price is GBX 415.22 and its 200-day moving average price is GBX 531.61. The company has a debt-to-equity ratio of 102.29, a quick ratio of 0.48 and a current ratio of 1.69. The firm has a market capitalization of £826.51 million, a PE ratio of 777.73, a price-to-earnings-growth ratio of 0.86 and a beta of 2.09.

Insider Transactions at Watches of Switzerland Group

In other news, insider Ian Carter bought 50,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of GBX 377 ($4.80) per share, with a total value of £188,500 ($239,974.54). Corporate insiders own 4.18% of the company’s stock.

About Watches of Switzerland Group

Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services.