Watkin Jones (LON:WJG) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Watkin Jones Plc (LON:WJG)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 26.52 ($0.34) and traded as low as GBX 24.25 ($0.31). Watkin Jones shares last traded at GBX 24.25 ($0.31), with a volume of 700,989 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 50 ($0.64) target price on shares of Watkin Jones in a research note on Monday, July 29th.

Watkin Jones Stock Up 0.4 %

The stock has a market cap of £62.49 million, a PE ratio of -202.08 and a beta of 1.38. The company has a debt-to-equity ratio of 51.35, a current ratio of 2.44 and a quick ratio of 1.55. The company has a 50 day moving average price of GBX 26.52 and a two-hundred day moving average price of GBX 39.88.

Insider Buying and Selling at Watkin Jones

In related news, insider Alan Giddins purchased 157,000 shares of Watkin Jones stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average cost of GBX 32 ($0.41) per share, for a total transaction of £50,240 ($64,650.62). Company insiders own 11.01% of the company’s stock.

About Watkin Jones

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.