Workspace Group (LON:WKP) Reaches New 1-Year Low – Time to Sell?

Shares of Workspace Group Plc (LON:WKP) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 426.50 ($5.46) and last traded at GBX 426.58 ($5.46), with a volume of 15236 shares traded. The stock had previously closed at GBX 431.99 ($5.53).

Workspace Group Stock Performance

The firm has a market capitalization of £795.76 million, a price-to-earnings ratio of -4.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The stock’s fifty day moving average is GBX 458.89 and its two-hundred day moving average is GBX 544.76. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23.

Workspace Group Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 9th were paid a GBX 9.40 ($0.12) dividend. This represents a yield of 1.74%. The ex-dividend date of this dividend was Thursday, January 9th. Workspace Group’s dividend payout ratio is -27.92%.

Insider Buying and Selling

In other Workspace Group news, insider Nick Mackenzie acquired 4,500 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was bought at an average cost of GBX 436 ($5.58) per share, with a total value of £19,620 ($25,099.14). Also, insider David Stevenson acquired 786 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of GBX 508 ($6.50) per share, with a total value of £3,992.88 ($5,107.94). 32.24% of the stock is currently owned by company insiders.

About Workspace Group

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.