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Watches of Switzerland Group (LON:WOSG) Trading Up 2.7% - Should You Buy?

Watches of Switzerland Group logo with Consumer Cyclical background
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Key Points

  • Shares rose 2.7% intraday to GBX 506 (last at GBX 501.97) while trading just 420,795 shares, an ~83% drop from average volume, after a previous close of GBX 489.
  • Insider purchase: Chabi Nouri bought 2,500 shares at GBX 515 on Feb 26, and company insiders now own 4.47% of the stock.
  • Company profile and valuation: Watches of Switzerland is the UK’s largest luxury watch retailer with a market cap of £1.16bn and a P/E of 16.96, and since May 8, 2024 holds exclusive Roberto Coin distribution rights in the Americas.
  • Interested in Watches of Switzerland Group? Here are five stocks we like better.

Watches of Switzerland Group plc (LON:WOSG - Get Free Report) shot up 2.7% during mid-day trading on Friday . The stock traded as high as GBX 506 and last traded at GBX 501.97. 420,795 shares changed hands during trading, a decline of 83% from the average session volume of 2,501,341 shares. The stock had previously closed at GBX 489.

Watches of Switzerland Group Price Performance

The company has a debt-to-equity ratio of 107.40, a current ratio of 1.96 and a quick ratio of 0.48. The company's 50-day simple moving average is GBX 478.81 and its 200-day simple moving average is GBX 455.35. The stock has a market capitalization of £1.16 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.79.

Insider Transactions at Watches of Switzerland Group

In other news, insider Chabi Nouri purchased 2,500 shares of the company's stock in a transaction on Thursday, February 26th. The shares were purchased at an average cost of GBX 515 per share, with a total value of £12,875. Company insiders own 4.47% of the company's stock.

Watches of Switzerland Group Company Profile

(Get Free Report)

Established in 2007 the Watches of Switzerland Group is the UK's largest luxury watch retailer, operating in the UK and US comprising eight prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Deutsch & Deutsch (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering. Since 8 May 2024, the Group has also owned the exclusive distribution rights for Roberto Coin in the USA, Canada, Central America and the Caribbean.

See Also

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