Workspace Group (LON:WKP) Hits New 52-Week Low - Time to Sell?

Workspace Group Plc (LON:WKP - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 377 ($5.06) and last traded at GBX 392.50 ($5.27), with a volume of 313821 shares traded. The stock had previously closed at GBX 397 ($5.33).

Workspace Group Price Performance

The stock's 50-day moving average is GBX 414.50 and its 200 day moving average is GBX 431.39. The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11. The company has a market cap of £753.52 million, a PE ratio of -3.91, a PEG ratio of 1.54 and a beta of 1.04.

Workspace Group (LON:WKP - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported GBX 34.50 ($0.46) earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. On average, equities analysts anticipate that Workspace Group Plc will post 36.7630058 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David Benson sold 8,233 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of GBX 422 ($5.66), for a total value of £34,743.26 ($46,622.73). Corporate insiders own 32.24% of the company's stock.

Workspace Group Company Profile

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.