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

Shares of Workspace Group Plc (LON:WKP) 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 stock has a market cap of £1.05 billion, a PE ratio of -546.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. 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 firm has a fifty day moving average of GBX 611.55 and a 200 day moving average of GBX 594.36.

Insider Activity

In other Workspace Group news, insider David Stevenson bought 462 shares of Workspace Group stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average cost 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.

About Workspace Group

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.