Watches of Switzerland Group (LON:WOSG) Shares Down 0.5% - Here's Why

Key Points

• Watches of Switzerland Group shares fell by 0.5%, trading between GBX 322 and GBX 324.80, with a significant decline in trading volume.
• The company reported an EPS of GBX 41.60 ($0.56) in its latest quarterly earnings, and analysts expect a forecasted EPS of 42.74 for the current fiscal year.
• Watches of Switzerland is the UK's largest luxury watch retailer, operating under several prestigious brands across the UK, US, and Europe.

Watches of Switzerland Group plc (LON:WOSG - Get Free Report) fell 0.5% on Friday . The company traded as low as GBX 322 ($4.36) and last traded at GBX 323.06 ($4.38). 509,259 shares traded hands during trading, a decline of 64% from the average session volume of 1,404,264 shares. The stock had previously closed at GBX 324.80 ($4.40).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a "not rated" rating on shares of Watches of Switzerland Group in a research note on Thursday, July 3rd.

Watches of Switzerland Group Stock Down 0.5%

The stock has a 50 day simple moving average of GBX 377.41 and a 200-day simple moving average of GBX 412.82. The firm has a market cap of £780.44 million, a PE ratio of 13.11, a PEG ratio of 1.56 and a beta of 2.17. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48.

Watches of Switzerland Group (LON:WOSG - Get Free Report) last announced its quarterly earnings results on Thursday, July 3rd. The company reported GBX 41.60 ($0.56) EPS for the quarter. Watches of Switzerland Group had a return on equity of 11.38% and a net margin of 3.84%. Sell-side analysts predict that Watches of Switzerland Group plc will post 42.739726 EPS for the current fiscal year.

About Watches of Switzerland Group

Established in 2007 the Watches of Switzerland Group is the UK's largest luxury watch retailer, operating in the UK, US and Europe comprising seven prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering.

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