Watkin Jones (LON:WJG) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Watkin Jones Plc (LON:WJG) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 20.40 ($0.25) and traded as low as GBX 19.82 ($0.24). Watkin Jones shares last traded at GBX 19.84 ($0.24), with a volume of 940,276 shares trading hands.

Watkin Jones Stock Performance

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 stock has a market capitalization of £57.49 million, a price-to-earnings ratio of -186.67 and a beta of 1.38. The stock’s 50-day simple moving average is GBX 20.40 and its 200 day simple moving average is GBX 30.37.

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.