Is Swatch (OTCMKTS:SWGAY) In Trouble? Societe Generale Issues Downgrade.


Swatch (OTCMKTS:SWGAY) Receives a Downgrade

It appears that trading for shares of Swatch (OTCMKTS:SWGAY) will be interesting to watch today. Societe Generale downgraded the stock from their past Buy rating to a more current Hold.

From a total of 2 analysts covering Swatch (OTCMKTS:SWGAY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 0 of the ratings are positive. Swatch was the topic of 2 analyst reports since October 28, 2015 according to the firm StockzIntelligence Inc. Nomura downgraded shares on November 24 to “Neutral” rating.

Approximately 246,227 shares of stock traded hands or 187.21% up from the average. SWATCH GROUP ADR EACH REPR 0.05 SHS (OTCMKTS: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).