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

Watkin Jones Plc (LON:WJG) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 20.34 and traded as low as GBX 18.44. Watkin Jones shares last traded at GBX 18.44, with a volume of 443,787 shares trading hands.

Watkin Jones Stock Up 1.7%

The company’s 50-day simple moving average is GBX 20.25 and its 200 day simple moving average is GBX 25.33. 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 firm has a market cap of £48.19 million, a P/E ratio of -5.59 and a beta of 1.38.

Watkin Jones (LON:WJG) last announced its quarterly earnings results on Wednesday, May 27th. The company reported GBX 0.01 EPS for the quarter. The firm had revenue of £100.17 million during the quarter. Watkin Jones had a negative net margin of 3.43% and a negative return on equity of 6.89%. Research analysts anticipate that Watkin Jones Plc will post 2.9042225 EPS 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.