Workspace Group (LON:WKP) Share Price Passes Below 200-Day Moving Average – Here’s Why

Workspace Group Plc (LON:WKP) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 563.45 ($6.96) and traded as low as GBX 466.50 ($5.76). Workspace Group shares last traded at GBX 473.50 ($5.85), with a volume of 123,246 shares traded.

Workspace Group Price Performance

The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23. The company has a market capitalization of £909.12 million, a price-to-earnings ratio of -473.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a 50-day moving average price of GBX 484.03 and a 200-day moving average price of GBX 563.45.

Workspace Group (LON:WKP) last issued its quarterly earnings data on Friday, November 22nd. The company reported GBX 16.90 ($0.21) earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 11.54%. On average, equities research analysts expect that Workspace Group Plc will post 36.7630058 EPS for the current fiscal year.

Workspace Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 9th were paid a dividend of GBX 9.40 ($0.12) per share. This represents a yield of 1.74%. The ex-dividend date of this dividend was Thursday, January 9th. Workspace Group’s payout ratio is presently -2,800.00%.

Insider Buying and Selling at Workspace Group

In related news, insider Nick Mackenzie acquired 4,500 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were acquired at an average cost of GBX 436 ($5.39) per share, for a total transaction of £19,620 ($24,246.17). Also, insider David Stevenson acquired 786 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of GBX 508 ($6.28) per share, for a total transaction of £3,992.88 ($4,934.35). Insiders own 32.24% of the company’s stock.

Workspace Group Company Profile

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.