Watkin Jones (LON:WJG) Sets New 52-Week Low – Should You Sell?

Watkin Jones Plc (LON:WJG)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 20 ($0.25) and last traded at GBX 20.40 ($0.26), with a volume of 3601890 shares changing hands. The stock had previously closed at GBX 23 ($0.29).

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 50 ($0.63) target price on shares of Watkin Jones in a research report on Monday, July 29th.

Watkin Jones Stock Down 11.3 %

The company has a market cap of £52.36 million, a price-to-earnings ratio of -191.67 and a beta of 1.38. The business’s 50 day simple moving average is GBX 26.22 and its 200-day simple moving average is GBX 39.30. The company has a debt-to-equity ratio of 51.35, a quick ratio of 1.55 and a current ratio of 2.44.

Insider Transactions at Watkin Jones

In related news, insider Alan Giddins purchased 157,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of GBX 32 ($0.41) per share, with a total value of £50,240 ($63,756.35). 11.01% of the stock is owned by corporate insiders.

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.