Workspace Group (LON:WKP) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Shares of Workspace Group Plc (LON:WKP - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 563.45 ($7.09) and traded as low as GBX 466.50 ($5.87). Workspace Group shares last traded at GBX 473.50 ($5.96), with a volume of 123,246 shares traded.

Workspace Group Price Performance

The stock has a market cap of £877.35 million, a P/E ratio of -4.56, a P/E/G ratio of 1.54 and a beta of 1.04. The business has a 50 day simple moving average of GBX 477.42 and a 200-day simple moving average of GBX 560. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23.

Workspace Group (LON:WKP - Get Free Report) last posted its quarterly earnings data on Friday, November 22nd. The company reported GBX 16.90 ($0.21) earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. On average, sell-side analysts forecast that Workspace Group Plc will post 36.7630058 EPS for the current year.

Workspace Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 9th were paid a GBX 9.40 ($0.12) dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.74%. Workspace Group's payout ratio is -27.92%.

Insider Buying and Selling at Workspace Group

In other Workspace Group news, insider David Stevenson bought 786 shares of the stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of GBX 508 ($6.39) per share, with a total value of £3,992.88 ($5,025.65). Also, insider Nick Mackenzie purchased 4,500 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was bought at an average cost of GBX 436 ($5.49) per share, with a total value of £19,620 ($24,694.78). 32.24% of the stock is owned by corporate insiders.

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.