Watkin Jones (LON:WJG) Stock Crosses Below 50 Day Moving Average – Here’s Why

Watkin Jones Plc (LON:WJG)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 31.31 ($0.40) and traded as low as GBX 24 ($0.31). Watkin Jones shares last traded at GBX 27.96 ($0.36), with a volume of 2,146,200 shares changing hands.

Watkin Jones Stock Performance

The firm has a market cap of £74.81 million, a price-to-earnings ratio of -2.46 and a beta of 1.38. The firm’s 50 day moving average is GBX 31.31 and its 200-day moving average is GBX 26.03. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.55 and a current ratio of 2.41.

Watkin Jones (LON:WJG) last announced its quarterly earnings results on Thursday, January 23rd. The company reported GBX 3.52 ($0.04) earnings per share for the quarter. Watkin Jones had a negative return on equity of 22.95% and a negative net margin of 6.99%. Sell-side analysts anticipate that Watkin Jones Plc will post 2.9042225 earnings per share for the current fiscal year.

Insider Buying and Selling at Watkin Jones

In other news, insider Simon Jones purchased 18,892 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was bought at an average cost of GBX 27 ($0.34) per share, for a total transaction of £5,100.84 ($6,492.92). Corporate insiders own 11.01% 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.