IWG (LON:IWG) Stock Passes Below 50 Day Moving Average – Time to Sell?

Shares of IWG plc (LON:IWG) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 183.41 ($2.37) and traded as low as GBX 165.10 ($2.13). IWG shares last traded at GBX 167.60 ($2.16), with a volume of 104,938,844 shares changing hands.

IWG Stock Down 5.3 %

The business’s fifty day moving average price is GBX 183.41 and its two-hundred day moving average price is GBX 172.05. The company has a debt-to-equity ratio of 12,629.31, a quick ratio of 0.45 and a current ratio of 0.41. The firm has a market capitalization of £1.68 billion, a P/E ratio of -12.46, a PEG ratio of -5.59 and a beta of 2.10.

IWG Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be issued a $0.01 dividend. This is a positive change from IWG’s previous dividend of $0.00. This represents a yield of 0.39%. The ex-dividend date is Thursday, May 1st. IWG’s payout ratio is currently -7.44%.

IWG declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 4th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

IWG Company Profile

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.