IWG plc (LON:IWG - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 146 ($1.91) and last traded at GBX 151.90 ($1.99), with a volume of 1243040 shares. The stock had previously closed at GBX 163.10 ($2.13).
IWG Stock Up 1.8 %
The company has a market cap of £1.70 billion, a PE ratio of -12.59, a PEG ratio of -5.59 and a beta of 2.10. The stock's 50 day moving average price is GBX 182.13 and its 200-day moving average price is GBX 171.29. The company has a debt-to-equity ratio of 12,629.31, a quick ratio of 0.45 and a current ratio of 0.41.
IWG Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be issued a $0.01 dividend. This is a boost from IWG's previous dividend of $0.00. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 0.39%. IWG's dividend payout ratio (DPR) is currently -7.44%.
IWG announced that its board has authorized a stock repurchase program on Tuesday, March 4th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
IWG Company Profile
(
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IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.
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