Watkin Jones (LON:WJG) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Watkin Jones Plc (LON:WJG) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 29.82 and traded as low as GBX 26.80. Watkin Jones shares last traded at GBX 26.80, with a volume of 1,224,102 shares trading hands.

Watkin Jones Price Performance

The company has a quick ratio of 1.55, a current ratio of 2.06 and a debt-to-equity ratio of 34.85. The company has a market capitalization of £68.64 million, a P/E ratio of -8.15 and a beta of 1.38. The company’s 50-day simple moving average is GBX 29.71 and its 200 day simple moving average is GBX 29.49.

About Watkin Jones

Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom. The company operates through four segments: Student Accommodation, Build to Rent, Affordable Homes, and Accommodation Management. It is involved in the development of purpose-built student accommodation, build to rent accommodation, and residential housing property; and management of student accommodation and build to rent/private rental sector property. The company was formerly known as Watkin Jones Limited and changed its name to Watkin Jones Plc in March 2016.