Workspace Group (LON:WKP) Hits New 12-Month Low - Should You Sell?

Workspace Group Plc (LON:WKP - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 473 ($5.90) and last traded at GBX 473 ($5.90), with a volume of 20282 shares traded. The stock had previously closed at GBX 476 ($5.94).

Workspace Group Price Performance

The company has a market cap of £881.28 million, a P/E ratio of -459.00, a P/E/G ratio of 1.54 and a beta of 1.04. The company's 50-day moving average price is GBX 529.89 and its two-hundred day moving average price is GBX 587.33. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43.

Workspace Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 9th will be issued a GBX 9.40 ($0.12) dividend. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.74%. Workspace Group's dividend payout ratio (DPR) is -2,800.00%.

Insiders Place Their Bets

In other Workspace Group news, insider David Stevenson bought 786 shares of Workspace Group stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of GBX 508 ($6.34) per share, for a total transaction of £3,992.88 ($4,981.14). 32.24% of the stock is owned by corporate insiders.

About Workspace Group

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.