Watkin Jones (LON:WJG) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Watkin Jones Plc (LON:WJG) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 29.39 and traded as low as GBX 25.28. Watkin Jones shares last traded at GBX 25.50, with a volume of 1,036,665 shares trading hands.

Watkin Jones Price Performance

The firm has a 50 day simple moving average of GBX 29.31 and a two-hundred day simple moving average of GBX 29.31. The stock has a market capitalization of £65.55 million, a P/E ratio of -7.79 and a beta of 1.38. The company has a quick ratio of 1.55, a current ratio of 2.06 and a debt-to-equity ratio of 34.85.

About Watkin Jones

Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom. The company operates through four segments: Student Accommodation, Build to Rent, Affordable Homes, and Accommodation Management. It is involved in the development of purpose-built student accommodation, build to rent accommodation, and residential housing property; and management of student accommodation and build to rent/private rental sector property. The company was formerly known as Watkin Jones Limited and changed its name to Watkin Jones Plc in March 2016.