John Wood Group (LON:WG) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

John Wood Group PLC (LON:WG) shares crossed 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 reissued a “buy” rating and set a GBX 250 ($3.06) target price on shares of John Wood Group in a research note on Tuesday, October 8th.

John Wood Group Trading Down 1.0 %

The stock’s 50 day moving average is GBX 63.44 and its two-hundred day moving average is GBX 120.86. The company has a market capitalization of £425.90 million, a PE ratio of -52.50, a price-to-earnings-growth ratio of 0.33 and a beta of 1.36. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 66.76.

About John Wood Group

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.