Watkin Jones (LON:WJG) Stock Breaks Below 50-Day Moving Average – What’s Next?

Watkin Jones Plc (LON:WJG)’s share price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 16.86 and traded as low as GBX 15.58. Watkin Jones shares last traded at GBX 15.68, with a volume of 518,473 shares changing hands.

Watkin Jones Stock Performance

The firm has a market cap of £39.82 million, a PE ratio of -4.62 and a beta of 1.36. The firm has a 50-day moving average price of GBX 16.80 and a two-hundred day moving average price of GBX 20.32. The company has a quick ratio of 1.55, a current ratio of 2.12 and a debt-to-equity ratio of 28.84.

Insiders Place Their Bets

In other news, insider Alan Giddins acquired 177,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were bought at an average price of GBX 1,686 per share, for a total transaction of £2,984,220. Insiders own 3.95% of the company’s stock.

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.