IWG (LON:IWG) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

IWG plc (LON:IWG) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 173.86 ($2.27) and traded as low as GBX 170 ($2.22). IWG shares last traded at GBX 170.50 ($2.23), with a volume of 489,394 shares changing hands.

IWG Price Performance

The business has a fifty day moving average price of GBX 173.86 and a 200 day moving average price of GBX 179.45. The company has a market cap of £1.73 billion, a price-to-earnings ratio of -1,217.86, a PEG ratio of -5.59 and a beta of 2.10. The company has a debt-to-equity ratio of 6,782.41, a quick ratio of 0.45 and a current ratio of 0.41.

IWG Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.00 per share. This represents a yield of 0.21%. The ex-dividend date was Thursday, September 5th. IWG’s payout ratio is -714.29%.

Insider Transactions at IWG

In related news, insider Francois Pauly acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of GBX 165 ($2.15) per share, for a total transaction of £16,500 ($21,546.10). Company insiders own 25.25% of the company’s stock.

About IWG

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.