Workspace Group (LON:WKP) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Workspace Group Plc (LON:WKP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 580.22 ($7.59) and traded as high as GBX 630 ($8.24). Workspace Group shares last traded at GBX 626 ($8.19), with a volume of 49,020 shares changing hands.

Workspace Group Trading Up 0.3 %

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 stock has a market capitalization of £1.20 billion, a P/E ratio of -626.00, a P/E/G ratio of 1.54 and a beta of 1.04. The business has a 50-day moving average price of GBX 630.64 and a two-hundred day moving average price of GBX 581.05.

Insiders Place Their Bets

In other news, insider David Stevenson purchased 462 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was bought at an average price of GBX 649 ($8.49) per share, with a total value of £2,998.38 ($3,924.07). Corporate 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.