Watkin Jones (LON:WJG) Hits New 52-Week Low – Here’s Why

Watkin Jones Plc (LON:WJG)’s share price reached a new 52-week low on Tuesday . The company traded as low as GBX 15.20 and last traded at GBX 15.20, with a volume of 355362 shares trading hands. The stock had previously closed at GBX 15.56.

Watkin Jones Stock Performance

The stock’s 50-day moving average price is GBX 17.34 and its 200-day moving average price is GBX 21.20. The company has a market capitalization of £39.05 million, a price-to-earnings ratio of -4.53 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.

Insider Transactions at Watkin Jones

In related news, insider Alan Giddins purchased 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.

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.