Workspace Group (LON:WKP) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Workspace Group Plc (LON:WKP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 594.99 ($7.51) and traded as low as GBX 517 ($6.53). Workspace Group shares last traded at GBX 523 ($6.60), with a volume of 127,312 shares traded.

Workspace Group Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43. The stock has a 50-day moving average price of GBX 569.10 and a 200 day moving average price of GBX 594.81. The stock has a market capitalization of £990.72 million, a price-to-earnings ratio of -516.00, a PEG ratio of 1.54 and a beta of 1.04.

Workspace Group Cuts Dividend

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

Insider Transactions at Workspace Group

In related news, insider David Stevenson purchased 462 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average cost of GBX 649 ($8.19) per share, with a total value of £2,998.38 ($3,784.40). Corporate 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.