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) shares fell 0.5% on Friday . The stock traded as low as GBX 322 ($4.33) and last traded at GBX 323.06 ($4.35). 509,259 shares changed 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 ($4.37).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "not rated" rating on shares of Watches of Switzerland Group in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 502.50.

Watches of Switzerland Group Price Performance

The stock has a market capitalization of £799.62 million, a P/E ratio of 13.43, a PEG ratio of 1.56 and a beta of 2.17. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. The company has a fifty day simple moving average of GBX 371.17 and a two-hundred day simple moving average of GBX 408.35.

Watches of Switzerland Group (LON:WOSG - Get Free Report) last announced its quarterly earnings data on Thursday, July 3rd. The company reported GBX 41.60 earnings per share 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 expect 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.