Watches of Switzerland Group (LON:WOSG) Shares Down 7% – Here’s Why

Shares of Watches of Switzerland Group plc (LON:WOSG) fell 7% during 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 changed hands 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).

Analyst Upgrades and Downgrades

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

Watches of Switzerland Group Stock Down 2.9%

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 firm has a market cap of £910.26 million, a P/E ratio of 15.29, a PEG ratio of 1.56 and a beta of 2.17. The company’s 50 day simple moving average is GBX 401.07 and its 200-day simple moving average is GBX 450.05.

Watches of Switzerland Group (LON:WOSG) last posted 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%. Research analysts forecast that Watches of Switzerland Group plc will post 42.739726 earnings per share for the current fiscal year.

Insider Transactions at Watches of Switzerland Group

In related news, insider Ian Carter bought 27,500 shares of the stock in a transaction on Friday, April 11th. The shares were acquired at an average price of GBX 347 ($4.73) per share, for a total transaction of £95,425 ($130,201.94). Corporate 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.