IWG (LON:IWG) Hits New 1-Year Low – Here’s Why

IWG plc (LON:IWG)’s share price reached 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 traded. The stock had previously closed at GBX 153 ($1.91).

IWG Stock Performance

The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 6,782.41. The firm has a market cap of £1.51 billion, a PE ratio of -1,069.29, a P/E/G ratio of -5.59 and a beta of 2.10. The stock’s 50 day moving average price is GBX 163.62 and its 200 day moving average price is GBX 169.64.

Insiders Place Their Bets

In related news, insider Douglas Sutherland bought 40,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of GBX 152 ($1.90) per share, for a total transaction of £60,800 ($75,848.30). 25.25% of the stock is currently owned by insiders.

IWG Company Profile

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.