Watkin Jones (LON:WJG) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Watkin Jones Plc (LON:WJG) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 18.39 and traded as low as GBX 17.34. Watkin Jones shares last traded at GBX 17.50, with a volume of 740,540 shares changing hands.

Watkin Jones Trading Down 14.4%

The stock has a market capitalization of £39.57 million, a PE ratio of -4.59 and a beta of 1.37. The company’s 50 day moving average price is GBX 18.36 and its two-hundred day moving average price is GBX 23.03. The company has a debt-to-equity ratio of 28.84, a current ratio of 2.12 and a quick ratio of 1.55.

Watkin Jones (LON:WJG) last released its quarterly earnings data on Wednesday, May 27th. The company reported GBX 0.01 EPS for the quarter. Watkin Jones had a negative net margin of 3.43% and a negative return on equity of 6.89%. The company had revenue of £100.17 million during the quarter. As a group, analysts expect that Watkin Jones Plc will post 2.9042225 earnings per share for the current year.

Insider Activity

In related news, insider Alan Giddins purchased 177,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of GBX 1,686 per share, with a total value of £2,984,220. 3.88% of the stock is owned by company insiders.

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.