Workspace Group (LON:WKP) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Shares of Workspace Group Plc (LON:WKP - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 434.06 ($5.86) and traded as low as GBX 389.50 ($5.25). Workspace Group shares last traded at GBX 396.36 ($5.35), with a volume of 263,692 shares.

Workspace Group Stock Performance

The business's 50-day simple moving average is GBX 418.63 and its two-hundred day simple moving average is GBX 434.06. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43. The company has a market capitalization of £760.24 million, a PE ratio of -3.95, a PEG ratio of 1.54 and a beta of 1.04.

Workspace Group (LON:WKP - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported GBX 34.50 ($0.47) EPS for the quarter. Workspace Group had a negative return on equity of 12.20% and a negative net margin of 104.45%. On average, analysts predict that Workspace Group Plc will post 36.7630058 earnings per share for the current year.

Insider Buying and Selling at Workspace Group

In other news, insider David Benson sold 8,233 shares of Workspace Group stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of GBX 422 ($5.69), for a total value of £34,743.26 ($46,868.02). Insiders own 32.24% of the company's stock.

About Workspace Group

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.