Watches of Switzerland Group (LON:WOSG) Stock Price Down 7% - Here's Why

Watches of Switzerland Group plc (LON:WOSG - Get Free Report)'s stock price dropped 7% on Thursday . The stock traded as low as GBX 378.40 ($5.17) and last traded at GBX 392.18 ($5.35). Approximately 4,602,500 shares traded hands during trading, an increase of 219% from the average daily volume of 1,442,017 shares. The stock had previously closed at GBX 421.60 ($5.76).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "not rated" rating on shares of Watches of Switzerland Group in a report on Thursday.

Watches of Switzerland Group Price Performance

The firm has a market capitalization of £947.41 million, a PE ratio of 15.92, a PEG ratio of 1.56 and a beta of 2.17. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69. The stock has a 50-day moving average price of GBX 400.41 and a 200 day moving average price of GBX 452.25.

Watches of Switzerland Group (LON:WOSG - Get Free Report) last posted its quarterly earnings data on Thursday, July 3rd. The company reported GBX 41.60 ($0.57) earnings per share for the quarter. Watches of Switzerland Group had a net margin of 3.84% and a return on equity of 11.38%. Equities analysts forecast that Watches of Switzerland Group plc will post 42.739726 EPS for the current fiscal year.

Insider Buying and Selling at Watches of Switzerland Group

In other news, insider Ian Carter acquired 27,500 shares of the business's stock in a transaction on Friday, April 11th. The stock was bought at an average cost of GBX 347 ($4.74) per share, for a total transaction of £95,425 ($130,273.04). 4.16% of the stock is currently owned by company insiders.

Watches of Switzerland Group Company Profile

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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