Workspace Group (LON:WKP) Sets New 52-Week Low – What’s Next?

Workspace Group Plc (LON:WKP) shares reached 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 traded. The stock had previously closed at GBX 436 ($5.34).

Workspace Group Stock Performance

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 firm has a market cap of £828.48 million, a P/E ratio of -431.50, a PEG ratio of 1.54 and a beta of 1.04. The stock’s 50-day moving average is GBX 519.20 and its 200 day moving average is GBX 583.51.

Workspace Group Cuts Dividend

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

Insider Activity at Workspace Group

In related news, insider David Stevenson acquired 786 shares of Workspace Group stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of GBX 508 ($6.22) per share, with a total value of £3,992.88 ($4,886.05). 32.24% of the stock is owned by 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.