Swatch Group (OTCMKTS:SWGAY) Hits New 1-Year High – Here’s What Happened

Shares of Swatch Group AG (OTCMKTS:SWGAYGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.22 and last traded at $11.22, with a volume of 18224 shares. The stock had previously closed at $10.82.

Swatch Group Trading Up 3.1%

The company has a fifty day simple moving average of $10.46 and a two-hundred day simple moving average of $9.60.

About Swatch Group

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The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.

Manufacturing and technical competence are central to the company’s operations.

Further Reading

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