Workspace Group (LON:WKP) Stock Passes Below Two Hundred Day Moving Average of $516.84

Shares of Workspace Group Plc (LON:WKP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 516.84 ($6.43) and traded as low as GBX 491.07 ($6.11). Workspace Group shares last traded at GBX 492 ($6.12), with a volume of 78,055 shares trading hands.

Workspace Group Trading Down 1.3 %

The business has a 50 day moving average price of GBX 500.34 and a 200 day moving average price of GBX 516.84. The company has a current ratio of 1.30, a quick ratio of 0.11 and a debt-to-equity ratio of 56.11. The company has a market capitalization of £944.20 million, a P/E ratio of -424.14, a PEG ratio of 1.54 and a beta of 1.05.

Workspace Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 2nd. Investors of record on Thursday, January 4th were paid a dividend of GBX 9 ($0.11) per share. The ex-dividend date was Thursday, January 4th. This represents a yield of 1.53%. Workspace Group’s payout ratio is -2,241.38%.

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.