Watkin Jones (LON:WJG) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Watkin Jones Plc (LON:WJG)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 22.88 ($0.29) and traded as low as GBX 18 ($0.23). Watkin Jones shares last traded at GBX 19.60 ($0.25), with a volume of 1,526,684 shares.

Watkin Jones Stock Performance

The firm’s fifty day moving average price is GBX 22.88 and its 200-day moving average price is GBX 34.03. 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 firm has a market cap of £51.46 million, a price-to-earnings ratio of -167.09 and a beta of 1.38.

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.