IWG plc (LON:IWG - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 203.80 ($2.77) and last traded at GBX 203.40 ($2.76), with a volume of 15997479 shares traded. The stock had previously closed at GBX 199.70 ($2.71).
IWG Stock Up 1.7%
The company has a debt-to-equity ratio of 12,629.31, a current ratio of 0.41 and a quick ratio of 0.45. The firm has a market capitalization of £2.08 billion, a P/E ratio of -15.41, a P/E/G ratio of -5.59 and a beta of 2.10. The company's 50-day simple moving average is GBX 180.21 and its two-hundred day simple moving average is GBX 174.74.
IWG announced that its board has initiated a stock buyback plan on Tuesday, March 4th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign 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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