Workspace Group (LON:WKP) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Workspace Group Plc (LON:WKP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 594.36 ($7.49) and traded as low as GBX 538 ($6.78). Workspace Group shares last traded at GBX 546 ($6.88), with a volume of 420,950 shares traded.

Workspace Group Stock Up 1.1 %

The firm’s 50-day moving average price is GBX 609.73 and its 200-day moving average price is GBX 594.65. The company has a market cap of £1.05 billion, a price-to-earnings ratio of -546.00, 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.

Insider Transactions at Workspace Group

In other Workspace Group news, insider David Stevenson acquired 462 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was bought at an average price of GBX 649 ($8.18) per share, with a total value of £2,998.38 ($3,778.68). 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.