Workspace Group (LON:WKP) Reaches New 1-Year Low - Here's Why

Workspace Group Plc (LON:WKP - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 427.50 ($5.23) and last traded at GBX 430 ($5.26), with a volume of 265789 shares changing hands. The stock had previously closed at GBX 436 ($5.34).

Workspace Group Stock Performance

The stock has a market capitalization of £830.40 million, a P/E ratio of -432.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11. The company has a 50 day simple moving average of GBX 519.20 and a 200-day simple moving average of GBX 583.51.

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 payout ratio is currently -2,800.00%.

Insider Transactions at Workspace Group

In related news, insider David Stevenson acquired 786 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of GBX 508 ($6.22) per share, for a total transaction of £3,992.88 ($4,886.05). Insiders own 32.24% of the company's stock.

Workspace Group Company Profile

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.