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

Workspace Group Plc (LON:WKP)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Workspace Group Price Performance

The firm has a market capitalization of £1.05 billion, a price-to-earnings ratio of -546.00, a PEG 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 stock’s 50-day moving average price is GBX 611.55 and its 200 day moving average price is GBX 594.36.

Insider Activity at Workspace Group

In related news, insider David Stevenson acquired 462 shares of the stock in a transaction on Tuesday, September 17th. The shares were bought at an average price of GBX 649 ($8.18) per share, with a total value of £2,998.38 ($3,778.68). 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.