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

Watkin Jones Plc (LON:WJG) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 16.04 and traded as low as GBX 14.82. Watkin Jones shares last traded at GBX 15.24, with a volume of 108,398 shares changing hands.

Watkin Jones Stock Up 0.5%

The company has a debt-to-equity ratio of 28.84, a current ratio of 2.12 and a quick ratio of 1.55. The business has a 50 day simple moving average of GBX 15.92 and a 200 day simple moving average of GBX 19.11. The company has a market capitalization of £38.54 million, a price-to-earnings ratio of -4.47 and a beta of 1.36.

Insider Buying and Selling at Watkin Jones

In other news, insider Alan Giddins acquired 177,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of GBX 1,686 per share, for a total transaction of £2,984,220. 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.