Workspace Group (LON:WKP) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Posted by Patrick Bannon on Feb 27th, 2025

Workspace Group Plc (LON:WKP – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 549.74 ($6.97) and traded as low as GBX 437 ($5.54). Workspace Group shares last traded at GBX 439.50 ($5.57), with a volume of 218,999 shares trading hands.

Workspace Group Stock Down 0.7 %

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 stock has a market capitalization of £837.99 million, a PE ratio of -4.35, a P/E/G ratio of 1.54 and a beta of 1.04. The stock’s fifty day simple moving average is GBX 464.18 and its 200-day simple moving average is GBX 549.74.

Workspace Group Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Nick Mackenzie acquired 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was acquired at an average price of GBX 436 ($5.53) per share, for a total transaction of £19,620 ($24,882.69). Also, insider David Stevenson purchased 786 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of GBX 508 ($6.44) per share, with a total value of £3,992.88 ($5,063.89). Insiders own 32.24% of the company’s stock.

About Workspace Group

(Get Free Report)

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.