The Swatch Group (OTCMKTS:SWGAY) Rating Increased to Strong Sell at Berenberg Bank

Berenberg Bank upgraded shares of The Swatch Group (OTCMKTS:SWGAY) to a strong sell rating in a research note published on Wednesday morning, Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. UBS Group raised The Swatch Group to a “strong sell” rating in a research note on Monday, September 23rd. Jefferies Financial Group lowered shares of The Swatch Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th.

The Swatch Group Stock Performance

Shares of OTCMKTS SWGAY opened at $10.18 on Wednesday. The stock’s fifty day simple moving average is $10.04 and its 200 day simple moving average is $10.30. The Swatch Group has a 52-week low of $8.73 and a 52-week high of $13.73.

About The Swatch Group

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.