Shares of Workspace Group Plc (LON:WKP - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 426.50 ($5.50) and last traded at GBX 426.58 ($5.50), with a volume of 15236 shares trading hands. The stock had previously closed at GBX 431.99 ($5.57).
Workspace Group Stock Performance
The business's 50-day moving average price is GBX 457.22 and its 200-day moving average price is GBX 543.36. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23. The stock has a market cap of £788.08 million, a P/E ratio of -4.09, a P/E/G ratio of 1.54 and a beta of 1.04.
Workspace Group Cuts Dividend
The business also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 9th were paid a GBX 9.40 ($0.12) dividend. This represents a yield of 1.74%. The ex-dividend date of this dividend was Thursday, January 9th. Workspace Group's payout ratio is currently -27.92%.
Insiders Place Their Bets
In other news, insider Nick Mackenzie purchased 4,500 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were bought at an average cost of GBX 436 ($5.62) per share, for a total transaction of £19,620 ($25,290.02). Also, insider David Stevenson purchased 786 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of GBX 508 ($6.55) per share, for a total transaction of £3,992.88 ($5,146.79). Corporate insiders own 32.24% of the company's stock.
Workspace Group Company Profile
(
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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.
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