Workspace Group (LON:WKP) Reaches New 52-Week Low – Time to Sell?

Shares of Workspace Group Plc (LON:WKP) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 427.50 ($5.23) and last traded at GBX 430 ($5.26), with a volume of 265789 shares changing hands. The stock had previously closed at GBX 436 ($5.34).

Workspace Group Stock Performance

The firm’s 50-day moving average is GBX 515.05 and its 200 day moving average is GBX 581.58. The stock has a market cap of £882.24 million, a PE ratio of -459.50, a P/E/G ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23.

Workspace Group Cuts Dividend

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

Insider Buying and Selling at Workspace Group

In other news, insider David Stevenson acquired 786 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of GBX 508 ($6.22) per share, with a total value of £3,992.88 ($4,887.25). 32.24% of the stock is currently owned by corporate insiders.

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.