Workspace Group (LON:WKP) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Shares of Workspace Group Plc (LON:WKP) have recently surpassed their 200-day moving average, reaching a trading high of GBX 427.50 ($5.75).
• The company reported a negative net margin of 104.45% with a current market cap of £814 million and an anticipated earnings per share of 36.76 for the fiscal year.
• Insider David Benson sold 13,513 shares at an average price of GBX 426 ($5.73), indicating significant insider activity as they currently own 32.24% of the stock.

Workspace Group Plc (LON:WKP - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 423.89 ($5.72) and traded as high as GBX 427.50 ($5.77). Workspace Group shares last traded at GBX 424 ($5.72), with a volume of 451,339 shares changing hands.

Workspace Group Stock Up 0.1%

The company has a quick ratio of 0.11, a current ratio of 1.23 and a debt-to-equity ratio of 57.43. The stock has a 50 day simple moving average of GBX 407.44 and a 200 day simple moving average of GBX 423.55. The stock has a market cap of £805.36 million, a price-to-earnings ratio of -4.18, a PEG ratio of 1.54 and a beta of 1.04.

Workspace Group (LON:WKP - Get Free Report) last announced its quarterly earnings data 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%. As a group, analysts expect that Workspace Group Plc will post 36.7630058 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David Benson sold 8,233 shares of Workspace Group stock in a transaction on Friday, June 27th. The stock was sold at an average price of GBX 422 ($5.70), for a total transaction of £34,743.26 ($46,905.98). Company 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.