Watkin Jones (LON:WJG) Shares Pass Below 50-Day Moving Average – Time to Sell?

Watkin Jones Plc (LON:WJG) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 17.41 and traded as low as GBX 15.30. Watkin Jones shares last traded at GBX 15.56, with a volume of 1,233,956 shares.

Watkin Jones Price Performance

The stock has a market cap of £39.98 million, a PE ratio of -4.64 and a beta of 1.36. 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’s fifty day moving average is GBX 17.41 and its 200 day moving average is GBX 21.41.

Insider Buying and Selling at Watkin Jones

In other Watkin Jones news, insider Alan Giddins purchased 177,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was purchased 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.

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.