Workspace Group (LON:WKP) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Workspace Group Plc (LON:WKP)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 594.99 ($7.54) and traded as low as GBX 517 ($6.55). Workspace Group shares last traded at GBX 523 ($6.63), with a volume of 127,312 shares changing hands.

Workspace Group Stock Up 0.2 %

The company has a market capitalization of £1.01 billion, a price-to-earnings ratio of -523.00, a PEG 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. The business’s 50 day moving average is GBX 571.50 and its 200 day moving average is GBX 594.99.

Workspace Group Cuts Dividend

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

Insider Activity at Workspace Group

In other news, insider David Stevenson bought 462 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average price of GBX 649 ($8.23) per share, for a total transaction of £2,998.38 ($3,800.71). 32.24% of the stock is owned by insiders.

About Workspace Group

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.