Workspace Group (LON:WKP) Reaches New 12-Month Low – Here’s Why

Workspace Group Plc (LON:WKP) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 473 ($5.90) and last traded at GBX 473 ($5.90), with a volume of 20282 shares changing hands. The stock had previously closed at GBX 476 ($5.94).

Workspace Group Trading Down 1.7 %

The firm has a market cap of £898.56 million, a PE ratio of -468.00, a PEG ratio of 1.54 and a beta of 1.04. The firm has a fifty day simple moving average of GBX 529.89 and a two-hundred day simple moving average of GBX 587.33. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43.

Workspace Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 9th will be paid a GBX 9.40 ($0.12) dividend. This represents a yield of 1.74%. The ex-dividend date of this dividend is Thursday, January 9th. Workspace Group’s payout ratio is currently -2,800.00%.

Insider Buying and Selling

In other news, insider David Stevenson bought 786 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of GBX 508 ($6.34) per share, with a total value of £3,992.88 ($4,981.14). 32.24% of the stock is currently owned by insiders.

Workspace Group Company Profile

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.