Watkin Jones (LON:WJG) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Watkin Jones Plc (LON:WJG)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 28.77 and traded as high as GBX 30.65. Watkin Jones shares last traded at GBX 30, with a volume of 1,132,576 shares changing hands.

Watkin Jones Trading Up 1.0%

The business’s 50 day moving average price is GBX 28.77 and its two-hundred day moving average price is GBX 28.99. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.55 and a current ratio of 2.41. The company has a market capitalization of £77.00 million, a price-to-earnings ratio of -9.16 and a beta of 1.38.

Watkin Jones (LON:WJG) last announced its earnings results on Tuesday, December 16th. The company reported GBX 2.29 EPS for the quarter. Watkin Jones had a negative return on equity of 22.95% and a negative net margin of 6.99%. Equities analysts forecast that Watkin Jones Plc will post 2.9042225 earnings per share for the current fiscal year.

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.