Watkin Jones (LON:WJG) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Watkin Jones Plc (LON:WJG) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 26.52 ($0.33) 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.

Analysts Set New Price Targets

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

Watkin Jones Trading Down 0.4 %

The company has a 50 day simple moving average of GBX 26.52 and a 200 day simple moving average of GBX 39.88. The company has a debt-to-equity ratio of 51.35, a quick ratio of 1.55 and a current ratio of 2.44. The company has a market capitalization of £61.47 million, a PE ratio of -200.42 and a beta of 1.38.

Insiders Place Their Bets

In related news, insider Alan Giddins purchased 157,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average cost of GBX 32 ($0.40) per share, for a total transaction of £50,240 ($63,314.43). 11.01% of the stock is owned by company 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.