Swatch Group (OTCMKTS:SWGAY) Sets New 12-Month High – Time to Buy?
by Renee Jackson · The Cerbat GemSwatch Group AG (OTCMKTS:SWGAY – Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $13.0365 and last traded at $12.85, with a volume of 55511 shares traded. The stock had previously closed at $12.57.
Wall Street Analysts Forecast Growth
Separately, Citigroup reissued a “neutral” rating on shares of Swatch Group in a report on Friday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Swatch Group currently has a consensus rating of “Hold”.
Get Our Latest Analysis on SWGAY
Swatch Group Price Performance
The company has a 50-day moving average price of $10.83 and a 200 day moving average price of $10.09.
About Swatch Group
The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.
Manufacturing and technical competence are central to the company’s operations.