Watkin Jones (LON:WJG) Shares Pass Below 50 Day Moving Average – Time to Sell?

Watkin Jones Plc (LON:WJG)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 33.93 ($0.44) and traded as low as GBX 25.35 ($0.33). Watkin Jones shares last traded at GBX 26.70 ($0.35), with a volume of 1,321,660 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 50 ($0.65) target price on shares of Watkin Jones in a report on Monday, July 29th.

Watkin Jones Price Performance

The company has a market cap of £68.13 million, a PE ratio of -222.50 and a beta of 1.38. The company has a quick ratio of 1.55, a current ratio of 2.44 and a debt-to-equity ratio of 51.35. The firm has a 50 day simple moving average of GBX 33.93 and a 200-day simple moving average of GBX 42.50.

Insider Transactions at Watkin Jones

In other news, insider Alan Giddins bought 157,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of GBX 32 ($0.42) per share, for a total transaction of £50,240 ($65,750.56). Insiders own 11.01% of the company’s stock.

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.