Shares of Watches of Switzerland Group plc (LON:WOSG - Get Free Report) dropped 7% on Thursday . The company traded as low as GBX 378.40 ($5.15) and last traded at GBX 392.18 ($5.34). Approximately 4,602,500 shares changed hands during mid-day trading, an increase of 219% from the average daily volume of 1,442,017 shares. The stock had previously closed at GBX 421.60 ($5.74).
Analysts Set New Price Targets
Separately, Shore Capital reissued a "not rated" rating on shares of Watches of Switzerland Group in a report on Thursday.
Check Out Our Latest Research Report on Watches of Switzerland Group
Watches of Switzerland Group Stock Performance
The business has a 50 day moving average of GBX 401.07 and a 200 day moving average of GBX 449.21. The company has a market capitalization of £901.08 million, a P/E ratio of 15.14, a price-to-earnings-growth 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.
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 ($0.57) EPS for the quarter. Watches of Switzerland Group had a return on equity of 11.38% and a net margin of 3.84%. On average, sell-side analysts predict that Watches of Switzerland Group plc will post 42.739726 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Ian Carter acquired 27,500 shares of the firm's stock in a transaction on Friday, April 11th. The stock was acquired at an average price of GBX 347 ($4.72) per share, with a total value of £95,425 ($129,882.95). Insiders own 4.16% of the company's stock.
Watches of Switzerland Group Company Profile
(
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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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