Swatch (OTC:SWGAY) Receives a Downgrade
Societe Generale downgraded their rating for shares of Swatch (OTC:SWGAY) from Buy to Hold in a note that was sent to investors and clients on Friday morning.
Approximately 203,501 shares of stock traded hands or 137.37% up from the average. SWATCH GROUP ADR EACH REPR 0.05 SHS (OTC:SWGAY) has declined 18.94% since May 8, 2015 and is downtrending. It has underperformed by 15.92% the S&P500.
According to Zacks Investment Research, “The Swatch Group Ltd. is engaged in the designing, manufacturing and sale of finished watches, jewelry, watch movements and components. It is also involved in the manufacture and sale of electronic systems used in watchmaking and other industries. The Company offers its products under the Breguet, Blancpain, Glashutte-Original, Jaquet Droz, Leon Hatot, Omega, Tiffany & Co., Longines, Rado, Union Glashutte, Tissot, ck Calvin Klein, Balmain, Certina, Mido, Hamilton, Swatch, Flik Flak, Endura, and Tourbillon brands. The Swatch Group Ltd. is headquartered in Biel, Switzerland.” Get a free copy of the Zacks research report on SWATCH GROUP ADR EACH REPR 0.05 SHS (SWGAY).