The Swatch Group (OTCMKTS:SWGAY - Get Free Report) was upgraded by Berenberg Bank to a "strong sell" rating in a research note issued to investors on Wednesday, Zacks.com reports.
Several other research firms have also recently commented on SWGAY. Jefferies Financial Group cut The Swatch Group from a "hold" rating to an "underperform" rating in a research note on Friday, September 20th. UBS Group upgraded shares of The Swatch Group to a "strong sell" rating in a research report on Monday, September 23rd.
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The Swatch Group Stock Performance
Shares of OTCMKTS SWGAY traded down $0.09 during midday trading on Wednesday, reaching $10.18. 106,596 shares of the company were exchanged, compared to its average volume of 176,370. The Swatch Group has a 1 year low of $8.73 and a 1 year high of $13.73. The stock has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $10.30.
The Swatch Group Company Profile
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The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.
Further Reading
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