Watches of Switzerland Group (LON:WOSG) Shares Down 7% – What’s Next?

Shares of Watches of Switzerland Group plc (LON:WOSG) traded down 7% during mid-day trading on Friday . The stock traded as low as GBX 378.40 ($5.16) and last traded at GBX 392.18 ($5.35). 4,602,500 shares were traded during trading, an increase of 219% from the average session volume of 1,442,017 shares. The stock had previously closed at GBX 421.60 ($5.75).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a research note on Thursday.

Watches of Switzerland Group Price Performance

The company’s 50 day moving average price is GBX 401.07 and its 200-day moving average price is GBX 450.05. The stock has a market cap of £910.26 million, a P/E ratio of 15.29, a P/E/G 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) last released its 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 net margin of 3.84% and a return on equity of 11.38%. As a group, sell-side analysts expect that Watches of Switzerland Group plc will post 42.739726 earnings per share for the current year.

Insiders Place Their Bets

In other Watches of Switzerland Group news, insider Ian Carter bought 27,500 shares of the firm’s stock in a transaction dated Friday, April 11th. The stock was bought at an average cost of GBX 347 ($4.73) per share, with a total value of £95,425 ($130,201.94). Company insiders own 4.16% of the company’s stock.

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.