Swatch Group (OTCMKTS:SWGAY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Swatch Group AG (OTCMKTS:SWGAYGet Free Report) saw an uptick in trading volume on Wednesday . 81,001 shares changed hands during trading, a decline of 19% from the previous session’s volume of 99,694 shares.The stock last traded at $12.80 and had previously closed at $12.77.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “neutral” rating on shares of Swatch Group in a research report on Friday, February 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Swatch Group has a consensus rating of “Hold”.

Check Out Our Latest Report on Swatch Group

Swatch Group Stock Performance

The firm has a 50 day moving average of $11.09 and a 200-day moving average of $10.23.

Swatch Group Company Profile

(Get Free Report)

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.

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