Swatch Group (OTCMKTS:SWGAY) Sees Unusually-High Trading Volume – Should You Buy?

Swatch Group AG (OTCMKTS:SWGAYGet Free Report) saw strong trading volume on Friday . 201,043 shares traded hands during trading, an increase of 275% from the previous session’s volume of 53,640 shares.The stock last traded at $10.99 and had previously closed at $10.83.

Swatch Group Price Performance

The stock has a 50-day moving average of $10.46 and a two-hundred day moving average of $9.64.

Swatch Group Company Profile

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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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