The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.25 and traded as low as $9.00. The Swatch Group shares last traded at $9.04, with a volume of 73,567 shares changing hands.
Analysts Set New Price Targets
Separately, Royal Bank of Canada downgraded shares of The Swatch Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 9th.
Get Our Latest Analysis on The Swatch Group
The Swatch Group Stock Down 4.4 %
About The Swatch Group
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.
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