Watkin Jones (LON:WJG) Reaches New 1-Year Low – Should You Sell?

Shares of Watkin Jones Plc (LON:WJG) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 15.20 and last traded at GBX 15.20, with a volume of 355362 shares traded. The stock had previously closed at GBX 15.56.

Watkin Jones Stock Performance

The company has a 50-day moving average of GBX 17.34 and a 200-day moving average of GBX 21.20. The firm has a market capitalization of £39.05 million, a price-to-earnings ratio of -4.53 and a beta of 1.36. The company has a current ratio of 2.12, a quick ratio of 1.55 and a debt-to-equity ratio of 28.84.

Insider Activity at Watkin Jones

In other news, insider Alan Giddins acquired 177,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were bought at an average price of GBX 1,686 per share, with a total value of £2,984,220. Company insiders own 3.95% of the company’s stock.

About Watkin Jones

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.