IWG (LON:IWG) Shares Cross Below 50 Day Moving Average - What's Next?

IWG plc (LON:IWG - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 173.86 ($2.27) and traded as low as GBX 170 ($2.22). IWG shares last traded at GBX 170.50 ($2.23), with a volume of 489,394 shares changing hands.

IWG Price Performance

The company has a debt-to-equity ratio of 6,782.41, a current ratio of 0.41 and a quick ratio of 0.45. The business's fifty day moving average price is GBX 174 and its 200-day moving average price is GBX 179.42. The stock has a market capitalization of £1.77 billion, a price-to-earnings ratio of -1,252.86, a PEG ratio of -5.59 and a beta of 2.10.

IWG Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.00 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 0.21%. IWG's dividend payout ratio (DPR) is currently -714.29%.

Insiders Place Their Bets

In related news, insider Francois Pauly purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of GBX 165 ($2.15) per share, with a total value of £16,500 ($21,546.10). Corporate insiders own 25.25% of the company's stock.

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.