John Wood Group (LON:WG) Shares Cross Below 200 Day Moving Average – Should You Sell?

John Wood Group PLC (LON:WG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 120.86 ($1.47) and traded as low as GBX 61.95 ($0.75). John Wood Group shares last traded at GBX 61.95 ($0.75), with a volume of 1,514,974 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 250 ($3.04) price objective on shares of John Wood Group in a report on Tuesday, October 8th.

John Wood Group Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 66.76. The company has a 50 day simple moving average of GBX 61.31 and a 200 day simple moving average of GBX 118. The stock has a market cap of £454.77 million, a P/E ratio of -56.06, a PEG ratio of 0.33 and a beta of 1.36.

Insider Activity

In other news, insider Ken Gilmartin purchased 10,305 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were purchased at an average cost of GBX 65 ($0.79) per share, with a total value of £6,698.25 ($8,149.71). 1.81% of the stock is owned by corporate insiders.

About John Wood Group

John Wood Group PLC, together with its subsidiaries, engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through Projects, Operations, Consulting, and Investment Services segments. The Projects segment provides engineering design and project management services across energy and materials markets including oil and gas, chemicals, mining, minerals, and life sciences.