IWG (LON:IWG) Trading Down 1.5% – Time to Sell?

IWG plc (LON:IWG) shares traded down 1.5% on Wednesday . The company traded as low as GBX 180.20 ($2.33) and last traded at GBX 180.40 ($2.33). 94,707,406 shares traded hands during mid-day trading, an increase of 1,288% from the average session volume of 6,822,095 shares. The stock had previously closed at GBX 183.10 ($2.37).

IWG Stock Up 0.3 %

The firm’s fifty day moving average is GBX 181.87 and its 200-day moving average is GBX 171.86. The company has a market capitalization of £1.88 billion, a P/E ratio of -13.94, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10. The company has a debt-to-equity ratio of 12,629.31, a quick ratio of 0.45 and a current ratio of 0.41.

IWG Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.39%. The ex-dividend date is Thursday, May 1st. This is a boost from IWG’s previous dividend of $0.00. IWG’s payout ratio is presently -7.44%.

IWG declared that its Board of Directors has approved a share buyback plan on Tuesday, March 4th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

About IWG

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.