Watkin Jones (LON:WJG) Hits New 52-Week Low – What’s Next?

Shares of Watkin Jones Plc (LON:WJG) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 15.22 and last traded at GBX 16.30, with a volume of 15209973 shares. The stock had previously closed at GBX 16.04.

Watkin Jones Stock Up 1.6%

The business has a fifty day simple moving average of GBX 18.16 and a two-hundred day simple moving average of GBX 22.75. The company has a quick ratio of 1.55, a current ratio of 2.12 and a debt-to-equity ratio of 28.84. The company has a market capitalization of £41.88 million, a price-to-earnings ratio of -4.86 and a beta of 1.37.

Insider Buying and Selling at Watkin Jones

In other news, insider Alan Giddins bought 177,000 shares of the stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of GBX 1,686 per share, with a total value of £2,984,220. Insiders own 3.88% 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.