Workspace Group (LON:WKP) Hits New 12-Month Low – Here’s What Happened

Workspace Group Plc (LON:WKP) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 473 ($5.90) and last traded at GBX 473 ($5.90), with a volume of 20282 shares trading hands. The stock had previously closed at GBX 476 ($5.94).

Workspace Group Stock Performance

The company’s fifty day moving average is GBX 529.89 and its 200 day moving average is GBX 587.33. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43. The company has a market capitalization of £898.56 million, a P/E ratio of -468.00, a P/E/G ratio of 1.54 and a beta of 1.04.

Workspace Group Cuts Dividend

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

Insider Transactions at Workspace Group

In other news, insider David Stevenson purchased 786 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of GBX 508 ($6.34) per share, with a total value of £3,992.88 ($4,981.14). Insiders own 32.24% of the company’s stock.

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.