Watkin Jones (LON:WJG) Shares Down 2.2% – Here’s Why

Watkin Jones Plc (LON:WJG)’s stock price fell 2.2% on Wednesday. The stock traded as low as GBX 15 and last traded at GBX 15. 351,465 shares traded hands during trading, a decline of 63% from the average session volume of 955,934 shares. The stock had previously closed at GBX 15.34.

Watkin Jones Stock Down 2.2%

The company’s 50 day moving average is GBX 15.40 and its 200 day moving average is GBX 21.30. The company has a market cap of £38.54 million, a PE ratio of -4.47 and a beta of 1.36. The company has a current ratio of 2.12, a quick ratio of 1.55 and a debt-to-equity ratio of 28.84.

Insider Activity at Watkin Jones

In related news, insider Alan Giddins bought 177,000 shares of Watkin Jones stock in a transaction dated Friday, August 28th. The shares were acquired at an average cost of GBX 1,686 per share, with a total value of £2,984,220. Company 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.