Watkin Jones (LON:WJG) Shares Pass Below 50 Day Moving Average - Should You Sell?

Shares of Watkin Jones Plc (LON:WJG - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 33.93 ($0.44) and traded as low as GBX 25.35 ($0.33). Watkin Jones shares last traded at GBX 26.70 ($0.35), with a volume of 1,321,660 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 50 ($0.65) price target on shares of Watkin Jones in a research report on Monday, July 29th.

Watkin Jones Stock Down 1.5 %

The firm's 50-day moving average price is GBX 33.93 and its 200-day moving average price is GBX 42.50. The company has a market cap of £67.50 million, a price-to-earnings ratio of -221.20 and a beta of 1.38. The company has a debt-to-equity ratio of 51.35, a current ratio of 2.44 and a quick ratio of 1.55.

Insider Transactions at Watkin Jones

In other Watkin Jones news, insider Alan Giddins acquired 157,000 shares of the company's stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of GBX 32 ($0.42) per share, with a total value of £50,240 ($65,750.56). Company 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.