The Swatch Group (OTCMKTS:SWGAY) Cut to “Underperform” at Jefferies Financial Group

Jefferies Financial Group cut shares of The Swatch Group (OTCMKTS:SWGAY) from a hold rating to an underperform rating in a research report sent to investors on Friday morning, MarketBeat.com reports.

The Swatch Group Stock Performance

Shares of The Swatch Group stock opened at $8.92 on Friday. The Swatch Group has a fifty-two week low of $8.88 and a fifty-two week high of $13.73. The company’s 50 day moving average price is $10.00 and its two-hundred day moving average price is $10.54.

The Swatch Group Company Profile

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.