Watkin Jones (LON:WJG) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Watkin Jones Plc (LON:WJG) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 28.46 ($0.37) and traded as low as GBX 26.45 ($0.34). Watkin Jones shares last traded at GBX 26.70 ($0.35), with a volume of 2,189,805 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 50 ($0.65) price target on shares of Watkin Jones in a research report on Monday, July 29th.

Watkin Jones Stock Down 0.4 %

The company has a debt-to-equity ratio of 51.35, a current ratio of 2.44 and a quick ratio of 1.55. The stock’s fifty day simple moving average is GBX 28.46 and its 200-day simple moving average is GBX 41.29. The stock has a market cap of £68.53 million, a P/E ratio of -222.50 and a beta of 1.38.

Insiders Place Their Bets

In other Watkin Jones news, insider Alan Giddins purchased 157,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of GBX 32 ($0.42) per share, with a total value of £50,240 ($65,229.81). 11.01% of the stock is currently owned by corporate insiders.

Watkin Jones Company Profile

Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom. The company operates through four segments: Student Accommodation, Build to Rent, Affordable Homes, and Accommodation Management. It is involved in the development of purpose-built student accommodation, build to rent accommodation, and residential housing property; and management of student accommodation and build to rent/private rental sector property.