Watkin Jones (LON:WJG) Share Price Passes Below 50-Day Moving Average of $37.47

Watkin Jones Plc (LON:WJG)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 37.47 ($0.50) and traded as low as GBX 25.20 ($0.34). Watkin Jones shares last traded at GBX 26.05 ($0.35), with a volume of 705,044 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 50 ($0.67) target price on shares of Watkin Jones in a research note on Monday, July 29th.

Watkin Jones Stock Performance

The company has a quick ratio of 1.55, a current ratio of 2.44 and a debt-to-equity ratio of 51.35. The business has a 50 day moving average price of GBX 37.47 and a 200 day moving average price of GBX 43.30. The stock has a market cap of £66.86 million, a P/E ratio of -217.08 and a beta of 1.38.

Insiders Place Their Bets

In related news, insider Alan Giddins purchased 157,000 shares of Watkin Jones stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of GBX 32 ($0.43) per share, with a total value of £50,240 ($67,201.71). Insiders own 9.40% 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.