The Swatch Group (OTCMKTS:SWGAY) Cut to Underperform at Jefferies Financial Group

The Swatch Group (OTCMKTS:SWGAY) was downgraded by analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued to investors on Friday, Briefing.com reports.

The Swatch Group Stock Up 1.2 %

Shares of OTCMKTS SWGAY opened at $9.25 on Friday. The firm’s 50-day moving average price is $10.04 and its 200-day moving average price is $10.58. The Swatch Group has a 52-week low of $8.96 and a 52-week high of $13.73.

The Swatch Group Company Profile

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.