Workspace Group (LON:WKP) Reaches New 1-Year Low – Should You Sell?

Workspace Group Plc (LON:WKP) shares reached a new 52-week low on Monday . The stock traded as low as GBX 426.50 ($5.38) and last traded at GBX 426.58 ($5.38), with a volume of 15236 shares trading hands. The stock had previously closed at GBX 431.99 ($5.45).

Workspace Group Stock Down 1.6 %

The firm’s 50-day simple moving average is GBX 461.73 and its two-hundred day simple moving average is GBX 546.96. The stock has a market cap of £815.92 million, a price-to-earnings ratio of -4.24, a PEG ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23.

Workspace Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 9th were given a GBX 9.40 ($0.12) dividend. This represents a yield of 1.74%. The ex-dividend date was Thursday, January 9th. Workspace Group’s dividend payout ratio (DPR) is presently -27.92%.

Insiders Place Their Bets

In other Workspace Group news, insider David Stevenson purchased 786 shares of the stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of GBX 508 ($6.40) per share, for a total transaction of £3,992.88 ($5,033.25). Also, insider Nick Mackenzie purchased 4,500 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were acquired at an average cost of GBX 436 ($5.50) per share, with a total value of £19,620 ($24,732.13). Company 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.