Watkin Jones (LON:WJG) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Watkin Jones Plc (LON:WJG)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 17.80 and traded as low as GBX 15.88. Watkin Jones shares last traded at GBX 15.94, with a volume of 991,157 shares traded.

Watkin Jones Price Performance

The company has a current ratio of 2.12, a quick ratio of 1.55 and a debt-to-equity ratio of 28.84. The business’s 50 day moving average price is GBX 17.74 and its two-hundred day moving average price is GBX 22.01. The stock has a market cap of £41.21 million, a P/E ratio of -4.78 and a beta of 1.36.

Insiders Place Their Bets

In other news, insider Alan Giddins acquired 177,000 shares of the business’s stock in a transaction on 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. 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.