Watkin Jones (LON:WJG) Stock Price Passes Below Fifty Day Moving Average of $47.72

Watkin Jones Plc (LON:WJG) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 47.72 ($0.60) and traded as low as GBX 45 ($0.57). Watkin Jones shares last traded at GBX 46.90 ($0.59), with a volume of 371,057 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 50 ($0.63) price objective on shares of Watkin Jones in a report on Tuesday, May 21st.

Watkin Jones Trading Up 2.1 %

The firm has a fifty day simple moving average of GBX 47.90 and a two-hundred day simple moving average of GBX 48.03. The stock has a market cap of £125.63 million, a PE ratio of -376.54 and a beta of 1.33. The company has a current ratio of 2.32, a quick ratio of 1.55 and a debt-to-equity ratio of 56.71.

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.