Watkin Jones (LON:WJG) Trading 8% Higher – Time to Buy?

Watkin Jones Plc (LON:WJG)’s stock price was up 8% during mid-day trading on Monday . The stock traded as high as GBX 36.50 ($0.46) and last traded at GBX 35.65 ($0.45). Approximately 638,465 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 2,385,628 shares. The stock had previously closed at GBX 33 ($0.42).

Watkin Jones Trading Up 8.0 %

The company has a current ratio of 2.41, a quick ratio of 1.55 and a debt-to-equity ratio of 41.00. The company has a fifty day simple moving average of GBX 23.86 and a 200-day simple moving average of GBX 27.88. The company has a market capitalization of £92.61 million, a PE ratio of -3.05 and a beta of 1.38.

Watkin Jones (LON:WJG) last issued its earnings results on Thursday, January 23rd. The company reported GBX 3.52 ($0.04) earnings per share (EPS) for the quarter. Watkin Jones had a negative return on equity of 22.95% and a negative net margin of 6.99%. Analysts predict that Watkin Jones Plc will post 2.9042225 EPS for the current year.

Insider Buying and Selling at Watkin Jones

In other Watkin Jones news, insider Simon Jones purchased 18,892 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of GBX 27 ($0.34) per share, with a total value of £5,100.84 ($6,416.96). 11.01% of the stock is owned by company insiders.

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.