IWG (LON:IWG) Trading Up 1.7% – Here’s What Happened

IWG plc (LON:IWG)’s share price shot up 1.7% during mid-day trading on Wednesday . The company traded as high as GBX 174 ($2.18) and last traded at GBX 173.77 ($2.17). 1,600,582 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 6,454,706 shares. The stock had previously closed at GBX 170.80 ($2.14).

IWG Stock Performance

The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 6,782.41. The firm’s fifty day moving average is GBX 161.53 and its 200 day moving average is GBX 168. The company has a market cap of £1.76 billion, a PE ratio of -1,241.20, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10.

Insider Activity

In other news, insider Douglas Sutherland purchased 40,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of GBX 152 ($1.90) per share, for a total transaction of £60,800 ($76,009.50). Company insiders own 25.25% of the company’s stock.

IWG Company Profile

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.