IWG plc (LON:IWG - Get Free Report) traded down 1.5% during mid-day trading 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 were traded 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 Performance
The firm's 50 day simple moving average is GBX 181.87 and its 200 day simple moving average is GBX 171.86. The firm has a market cap of £1.88 billion, a PE ratio of -13.94, a PEG ratio of -5.59 and a beta of 2.10. The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 12,629.31.
IWG Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 1st will be given a $0.01 dividend. This is an increase from IWG's previous dividend of $0.00. This represents a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, May 1st. IWG's payout ratio is currently -7.44%.
IWG declared that its board has authorized a stock repurchase plan on Tuesday, March 4th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to buy up to 2.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.
About IWG
(
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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.
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