Watkin Jones (LON:WJG) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Watkin Jones Plc (LON:WJG) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 22.63 and traded as low as GBX 19.66. Watkin Jones shares last traded at GBX 19.66, with a volume of 261,008 shares traded.

Watkin Jones Trading Up 1.5%

The firm has a market cap of £51.28 million, a price-to-earnings ratio of -5.95 and a beta of 1.36. The company has a debt-to-equity ratio of 28.84, a quick ratio of 1.55 and a current ratio of 2.12. The business has a fifty day moving average of GBX 22.63 and a two-hundred day moving average of GBX 26.70.

Watkin Jones (LON:WJG) last released its quarterly earnings results on Wednesday, May 27th. The company reported GBX 0.01 earnings per share for the quarter. The business had revenue of £100.17 million for the quarter. Watkin Jones had a negative return on equity of 6.89% and a negative net margin of 3.43%. As a group, equities analysts expect that Watkin Jones Plc will post 2.9042225 earnings per share for the current fiscal year.

Watkin Jones Company Profile

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.