Workspace Group (LON:WKP) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Workspace Group Plc (LON:WKP)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 594.99 ($7.51) and traded as low as GBX 517 ($6.53). Workspace Group shares last traded at GBX 523 ($6.60), with a volume of 127,312 shares trading hands.

Workspace Group Trading Down 1.3 %

The stock’s fifty day simple moving average is GBX 569.10 and its 200-day simple moving average is GBX 594.81. The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11. The firm has a market cap of £990.72 million, a PE ratio of -516.00, a PEG ratio of 1.54 and a beta of 1.04.

Workspace Group Cuts Dividend

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

Insider Buying and Selling at Workspace Group

In other Workspace Group news, insider David Stevenson acquired 462 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was acquired at an average cost of GBX 649 ($8.19) per share, for a total transaction of £2,998.38 ($3,784.40). Company insiders own 32.24% of the company’s stock.

About Workspace Group

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.