John Wood Group (LON:WG) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

John Wood Group PLC (LON:WG) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 114.23 ($1.43) and traded as low as GBX 67.75 ($0.85). John Wood Group shares last traded at GBX 69.65 ($0.87), with a volume of 2,341,545 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 250 ($3.12) target price on shares of John Wood Group in a report on Tuesday, October 8th.

John Wood Group Trading Up 0.8 %

The company has a 50-day simple moving average of GBX 62.30 and a 200 day simple moving average of GBX 114.23. The company has a market capitalization of £482.62 million, a P/E ratio of -59.49, a P/E/G ratio of 0.33 and a beta of 1.36. The company has a debt-to-equity ratio of 66.76, a quick ratio of 0.75 and a current ratio of 0.98.

Insider Buying and Selling at John Wood Group

In related news, insider Ken Gilmartin acquired 10,305 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was bought at an average cost of GBX 65 ($0.81) per share, with a total value of £6,698.25 ($8,363.40). Insiders own 1.81% of the company’s stock.

John Wood Group Company Profile

John Wood Group PLC, together with its subsidiaries, engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through Projects, Operations, Consulting, and Investment Services segments. The Projects segment provides engineering design and project management services across energy and materials markets including oil and gas, chemicals, mining, minerals, and life sciences.