Workspace Group (LON:WKP) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Posted by Max Byerly on Feb 27th, 2025

Workspace Group Plc (LON:WKP – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 549.74 ($6.97) and traded as low as GBX 437 ($5.54). Workspace Group shares last traded at GBX 439.50 ($5.57), with a volume of 218,999 shares traded.

Workspace Group Stock Performance

The business has a 50 day moving average of GBX 464.18 and a 200-day moving average of GBX 549.74. The company has a market capitalization of £837.99 million, a P/E ratio of -4.35, a price-to-earnings-growth 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 company also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Thursday, January 9th were issued a GBX 9.40 ($0.12) dividend. This represents a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, January 9th. Workspace Group’s payout ratio is -27.92%.

Insider Activity

In related news, insider David Stevenson purchased 786 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of GBX 508 ($6.44) per share, with a total value of £3,992.88 ($5,063.89). Also, insider Nick Mackenzie bought 4,500 shares of Workspace Group stock in a transaction that occurred on Thursday, January 23rd. The stock was purchased at an average cost of GBX 436 ($5.53) per share, for a total transaction of £19,620 ($24,882.69). 32.24% of the stock is owned by company insiders.

Workspace Group Company Profile

(Get Free Report)

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.