Watkin Jones (LON:WJG) Hits New 52-Week Low – Here’s What Happened

Watkin Jones Plc (LON:WJG) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as GBX 14.80 and last traded at GBX 14.80, with a volume of 620,787 shares. The stock had previously closed at GBX 14.90.

Watkin Jones Stock Performance

The business has a 50-day moving average price of GBX 16.48 and a 200-day moving average price of GBX 19.81. The firm has a market capitalization of £38.03 million, a price-to-earnings ratio of -4.41 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.

Insiders Place Their Bets

In other Watkin Jones news, insider Alan Giddins bought 177,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of GBX 1,686 per share, for a total transaction of £2,984,220. 3.95% of the stock is currently owned by company insiders.

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.