Watkin Jones (LON:WJG) Trading Down 14.4% – Here’s What Happened

Watkin Jones Plc (LON:WJG) shares traded down 14.4% on Friday . The stock traded as low as GBX 15.40 and last traded at GBX 15.40. Approximately 14,117,821 shares changed hands during trading, an increase of 1,385% from the average daily volume of 950,459 shares. The stock had previously closed at GBX 18.

Watkin Jones Stock Performance

The company has a current ratio of 2.12, a quick ratio of 1.55 and a debt-to-equity ratio of 28.84. The company has a market capitalization of £39.57 million, a price-to-earnings ratio of -4.59 and a beta of 1.37. The stock’s fifty day simple moving average is GBX 18.27 and its 200-day simple moving average is GBX 22.97.

Watkin Jones (LON:WJG) last posted its quarterly earnings results on Wednesday, May 27th. The company reported GBX 0.01 EPS for the quarter. Watkin Jones had a negative net margin of 3.43% and a negative return on equity of 6.89%. The business had revenue of £100.17 million during the quarter. Analysts predict that Watkin Jones Plc will post 2.9042225 EPS for the current year.

Insider Transactions at Watkin Jones

In related news, insider Alan Giddins bought 177,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average cost of GBX 1,686 per share, for a total transaction of £2,984,220. Company insiders own 3.88% of the company’s stock.

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. The company was formerly known as Watkin Jones Limited and changed its name to Watkin Jones Plc in March 2016.