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

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

Watkin Jones Stock Performance

The business has a 50-day moving average of GBX 15.40 and a two-hundred day moving average of GBX 21.30. The company has a debt-to-equity ratio of 28.84, a current ratio of 2.12 and a quick ratio of 1.55. The company has a market cap of £38.54 million, a P/E ratio of -4.47 and a beta of 1.36.

Insider Buying and Selling at Watkin Jones

In other news, insider Alan Giddins acquired 177,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of GBX 1,686 per share, with a total value of £2,984,220. Corporate 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.