Watches of Switzerland Group (LON:WOSG) Trading Down 7% - Time to Sell?

Watches of Switzerland Group plc (LON:WOSG - Get Free Report) shares were down 7% on Friday . The company traded as low as GBX 378.40 ($5.16) and last traded at GBX 392.18 ($5.35). Approximately 4,602,500 shares changed 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 ($5.75).

Analyst Upgrades and Downgrades

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

Watches of Switzerland Group Trading Down 7.0%

The firm has a market capitalization of £947.41 million, a price-to-earnings ratio of 15.92, a price-to-earnings-growth 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 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 announced its quarterly earnings results on Thursday, July 3rd. The company reported GBX 41.60 ($0.57) earnings per share (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, equities research analysts predict that Watches of Switzerland Group plc will post 42.739726 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ian Carter bought 27,500 shares of Watches of Switzerland Group stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of GBX 347 ($4.74) per share, for a total transaction of £95,425 ($130,237.48). Company insiders own 4.16% of the company's stock.

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.