Swatch Group (OTCMKTS:SWGAY) Hits New 52-Week High - Here's Why

Key Points

• Swatch Group (OTCMKTS:SWGAY) hit a new 52-week high of $13.2020 during Thursday trading (previous close $11.59) and the article notes the stock was reported as up about 4.8% on the day, on volume of 1,340 shares.
• Analysts remain cautious: Citigroup reaffirmed a "neutral" rating and the consensus rating reported by MarketBeat is Hold.
• The company is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a wide portfolio of brands and also produces key components and complete movements for its own labels and other firms, with operations in retail, wholesale and after-sales services.

Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $13.2020 and last traded at $13.2020, with a volume of 1340 shares. The stock had previously closed at $11.59.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a "neutral" rating on shares of Swatch Group in a research note on Friday, February 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".

Swatch Group Stock Up 4.8%

The firm's 50 day moving average is $11.38 and its 200 day moving average is $11.09.

Swatch Group Company Profile

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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