Watkin Jones (LON:WJG) Hits New 52-Week Low – Here’s What Happened

Watkin Jones Plc (LON:WJG) shares reached a new 52-week low during mid-day trading on Monday. The stock traded as low as GBX 14.80 and last traded at GBX 14.80, with a volume of 620,787 shares changing hands. The stock had previously closed at GBX 14.90.

Watkin Jones Stock Down 0.7%

The stock has a market capitalization of £38.03 million, a PE ratio of -4.41 and a beta of 1.36. 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’s 50-day moving average is GBX 16.48 and its 200 day moving average is GBX 19.81.

Insiders Place Their Bets

In related news, insider Alan Giddins purchased 177,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of GBX 1,686 per share, for a total transaction of £2,984,220. Corporate insiders own 3.95% of the company’s stock.

About Watkin Jones

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.