Workspace Group (LON:WKP) Hits New 52-Week Low – Should You Sell?

Posted by Hanz Christensen on Jan 14th, 2025

Workspace Group Plc (LON:WKP – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 427.50 ($5.23) and last traded at GBX 430 ($5.26), with a volume of 265789 shares changing hands. The stock had previously closed at GBX 436 ($5.34).

Workspace Group Stock Up 0.9 %

The business has a fifty day moving average of GBX 519.20 and a 200 day moving average of GBX 583.51. The stock has a market cap of £828.48 million, a price-to-earnings ratio of -431.50, a P/E/G ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11.

Workspace Group Cuts Dividend

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

Insider Activity

In other news, insider David Stevenson acquired 786 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of GBX 508 ($6.22) per share, with a total value of £3,992.88 ($4,886.05). 32.24% of the stock is owned by company insiders.

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.