Workspace Group (LON:WKP) Share Price Passes Below 200 Day Moving Average - Here's Why

Workspace Group Plc (LON:WKP - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 438.44 ($5.99) and traded as low as GBX 408 ($5.57). Workspace Group shares last traded at GBX 408 ($5.57), with a volume of 872,188 shares trading hands.

Workspace Group Trading Down 3.7%

The company has a market capitalization of £754.39 million, a PE ratio of -3.92, a price-to-earnings-growth 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 company's fifty day moving average is GBX 423.80 and its 200-day moving average is GBX 438.44.

Workspace Group (LON:WKP - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported GBX 34.50 ($0.47) earnings per share (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 anticipate that Workspace Group Plc will post 36.7630058 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider David Benson sold 13,513 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 426 ($5.82), for a total value of £57,565.38 ($78,587.55). 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.