Swatch Group (OTCMKTS:SWGAY) Sees Large Volume Increase – Still a Buy?

Shares of Swatch Group AG (OTCMKTS:SWGAY) saw strong trading volume on Monday. Approximately 105,005 shares traded hands during trading, an increase of 19% from the previous session’s volume of 88,200 shares. The stock last traded at $11.14 and had previously closed at $11.07.

Analyst Ratings Changes

SWGAY has been the topic of several recent research reports. Citigroup reiterated a “neutral” rating on shares of Swatch Group in a research note on Thursday, June 18th. Sanford C. Bernstein lowered Swatch Group from an “outperform” rating to a “market perform” rating in a report on Thursday, June 25th. Finally, Kepler Capital Markets raised Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Swatch Group presently has a consensus rating of “Hold”.

Swatch Group Price Performance

The stock’s 50-day moving average is $11.22 and its 200 day moving average is $11.82.

About Swatch Group

Swatch Group AG is a Swiss watchmaking and luxury-goods company headquartered in Biel/Bienne, Switzerland. The group develops, manufactures and sells watches, watch movements, components, jewelry and related products through a portfolio spanning accessible, mid-market and luxury segments.

Its watch brands include Swatch, Omega, Longines, Tissot, Hamilton, Rado, Certina, Mido, Breguet, Blancpain and Glashütte Original, as well as Harry Winston jewelry and timepieces. Swatch Group also produces mechanical and electronic movements and other components, supplying its own brands and participating in the broader Swiss watchmaking industry.

The company was created in 1983 through the merger of Swiss watchmaking groups ASUAG and SSIH.