Watkin Jones (LON:WJG) Shares Down 2.2% – Time to Sell?

Watkin Jones Plc (LON:WJG) fell 2.2% during trading on Wednesday. The stock traded as low as GBX 15 and last traded at GBX 15. 351,465 shares were traded during trading, a decline of 63% from the average daily volume of 955,934 shares. The stock had previously closed at GBX 15.34.

Watkin Jones Stock Performance

The company has a current ratio of 2.12, a quick ratio of 1.55 and a debt-to-equity ratio of 28.84. 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 stock’s 50 day moving average price is GBX 15.37 and its two-hundred day moving average price is GBX 21.23.

Insider Activity at Watkin Jones

In related news, insider Alan Giddins acquired 177,000 shares of the firm’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, with a total value of £2,984,220. 3.95% of the stock is 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.