Watkin Jones (LON:WJG) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Watkin Jones Plc (LON:WJG) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 28.46 ($0.37) and traded as low as GBX 26.45 ($0.34). Watkin Jones shares last traded at GBX 26.70 ($0.35), with a volume of 2,189,805 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 50 ($0.65) price target on shares of Watkin Jones in a research note on Monday, July 29th.

Watkin Jones Stock Down 0.4 %

The stock has a market cap of £68.53 million, a price-to-earnings ratio of -222.50 and a beta of 1.38. The company has a current ratio of 2.44, a quick ratio of 1.55 and a debt-to-equity ratio of 51.35. The stock’s 50-day moving average price is GBX 28.46 and its 200-day moving average price is GBX 41.29.

Insider Transactions at Watkin Jones

In other news, insider Alan Giddins purchased 157,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average price of GBX 32 ($0.42) per share, for a total transaction of £50,240 ($65,229.81). Corporate insiders own 11.01% 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.