Workspace Group (LON:WKP) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Workspace Group Plc (LON:WKP)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 563.45 ($6.96) and traded as low as GBX 466.50 ($5.76). Workspace Group shares last traded at GBX 473.50 ($5.85), with a volume of 123,246 shares.

Workspace Group Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43. The company has a market capitalization of £909.12 million, a P/E ratio of -473.50, a PEG ratio of 1.54 and a beta of 1.04. The firm’s 50 day moving average price is GBX 484.03 and its two-hundred day moving average price is GBX 563.45.

Workspace Group (LON:WKP) last released its earnings results on Friday, November 22nd. The company reported GBX 16.90 ($0.21) earnings per share for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 11.54%. Equities research analysts forecast that Workspace Group Plc will post 36.7630058 EPS for the current year.

Workspace Group Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 9th were given a GBX 9.40 ($0.12) dividend. This represents a dividend yield of 1.74%. The ex-dividend date was Thursday, January 9th. Workspace Group’s dividend payout ratio is currently -2,800.00%.

Insider Buying and Selling

In other Workspace Group news, insider David Stevenson purchased 786 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of GBX 508 ($6.28) per share, with a total value of £3,992.88 ($4,934.35). Also, insider Nick Mackenzie acquired 4,500 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was acquired at an average cost of GBX 436 ($5.39) per share, with a total value of £19,620 ($24,246.17). 32.24% of the stock is currently 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.