John Wood Group (LON:WG) Shares Cross Below 200-Day Moving Average – Time to Sell?

John Wood Group PLC (LON:WG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 120.86 ($1.48) and traded as low as GBX 61.95 ($0.76). John Wood Group shares last traded at GBX 61.95 ($0.76), with a volume of 1,514,974 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 250 ($3.06) target price on shares of John Wood Group in a report on Tuesday, October 8th.

John Wood Group Stock Down 1.0 %

The stock’s fifty day moving average is GBX 63.44 and its two-hundred day moving average is GBX 120.86. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 66.76. The firm has a market cap of £425.90 million, a P/E ratio of -52.50, a price-to-earnings-growth ratio of 0.33 and a beta of 1.36.

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.