Watkin Jones (LON:WJG) Stock Crosses Below 50-Day Moving Average – Here’s Why

Watkin Jones Plc (LON:WJG) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 19.80 and traded as low as GBX 18.30. Watkin Jones shares last traded at GBX 18.30, with a volume of 636,112 shares traded.

Watkin Jones Price Performance

The firm has a 50 day moving average of GBX 19.80 and a 200-day moving average of GBX 24.83. The company has a market cap of £47.01 million, a P/E ratio of -5.46 and a beta of 1.38. The company has a current ratio of 2.12, a quick ratio of 1.55 and a debt-to-equity ratio of 28.84.

Watkin Jones (LON:WJG) last posted its quarterly earnings results on Wednesday, May 27th. The company reported GBX 0.01 EPS for the quarter. Watkin Jones had a negative return on equity of 6.89% and a negative net margin of 3.43%.The company had revenue of £100.17 million for the quarter. On average, equities research analysts predict that Watkin Jones Plc will post 2.9042225 EPS for the current year.

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. The company was formerly known as Watkin Jones Limited and changed its name to Watkin Jones Plc in March 2016.