IWG (LON:IWG) Sets New 12-Month Low – Here’s What Happened

IWG plc (LON:IWG)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 149.60 ($1.87) and last traded at GBX 150.90 ($1.88), with a volume of 5133544 shares changing hands. The stock had previously closed at GBX 153 ($1.91).

IWG Trading Down 2.2 %

The firm has a market cap of £1.51 billion, a price-to-earnings ratio of -1,069.29, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10. The business has a 50 day moving average of GBX 163.62 and a 200 day moving average of GBX 169.64. The company has a quick ratio of 0.45, a current ratio of 0.41 and a debt-to-equity ratio of 6,782.41.

Insider Transactions at IWG

In other IWG news, insider Douglas Sutherland acquired 40,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of GBX 152 ($1.90) per share, for a total transaction of £60,800 ($75,848.30). Insiders own 25.25% of the company’s stock.

About IWG

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.