IWG (LON:IWG) Reaches New 52-Week Low – Should You Sell?

IWG plc (LON:IWG) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 146 ($1.87) and last traded at GBX 151.90 ($1.94), with a volume of 1243040 shares traded. The stock had previously closed at GBX 163.10 ($2.08).

IWG Stock Down 7.7 %

The business has a 50 day moving average of GBX 183.09 and a two-hundred day moving average of GBX 171.73. The stock has a market capitalization of £1.51 billion, a PE ratio of -11.20, a PEG 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 company also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.01 per share. This represents a dividend yield of 0.39%. This is a positive change from IWG’s previous dividend of $0.00. The ex-dividend date is Thursday, May 1st. IWG’s dividend payout ratio is presently -7.44%.

IWG declared that its board has approved a stock repurchase program on Tuesday, March 4th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

IWG Company Profile

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.