Watkin Jones (LON:WJG) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Watkin Jones Plc (LON:WJG)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 26.52 ($0.33) and traded as low as GBX 24.25 ($0.31). Watkin Jones shares last traded at GBX 24.25 ($0.31), with a volume of 700,989 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 50 ($0.63) price target on shares of Watkin Jones in a research note on Monday, July 29th.

Watkin Jones Stock Down 0.4 %

The company has a market capitalization of £61.47 million, a price-to-earnings ratio of -200.42 and a beta of 1.38. 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 business has a 50 day simple moving average of GBX 26.52 and a 200 day simple moving average of GBX 39.88.

Insider Activity at Watkin Jones

In other Watkin Jones news, insider Alan Giddins bought 157,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of GBX 32 ($0.40) per share, with a total value of £50,240 ($63,314.43). 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.