Workspace Group (LON:WKP) Shares Cross Below 200 Day Moving Average - Time to Sell?

Key Points

• Workspace Group's stock price fell below its 200-day moving average of GBX 411.40, currently trading at GBX 393.50.
• The company has a market capitalization of £758.45 million and a relatively high P/E ratio, indicating potential overvaluation.
• Workspace operates 4.7 million sq. ft. of flexible workspace across London and the South East, serving approximately 4,000 businesses.

Workspace Group Plc (LON:WKP - )'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 411.40 ($5.51) and traded as low as GBX 389 ($5.21). Workspace Group shares last traded at GBX 393.50 ($5.27), with a volume of 346,265 shares.

Workspace Group Stock Performance

The stock has a market capitalization of £758.45 million, a PE ratio of 14,089.29, a P/E/G ratio of 1.54 and a beta of 1.04. 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 business's fifty day moving average price is GBX 401.71 and its 200-day moving average price is GBX 411.40.

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.

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