IWG (LON:IWG) Shares Down 1.5% – Should You Sell?

Shares of IWG plc (LON:IWG) were down 1.5% on Wednesday . The stock traded as low as GBX 180.20 ($2.32) and last traded at GBX 180.40 ($2.32). Approximately 94,707,406 shares traded hands during mid-day trading, an increase of 1,288% from the average daily volume of 6,822,095 shares. The stock had previously closed at GBX 183.10 ($2.36).

IWG Stock Performance

The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 12,629.31. The company has a 50-day moving average price of GBX 180.96 and a two-hundred day moving average price of GBX 171.63. The stock has a market capitalization of £1.81 billion, a P/E ratio of -13.42, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10.

IWG Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from IWG’s previous dividend of $0.00. This represents a yield of 0.39%. IWG’s payout ratio is -7.44%.

IWG announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 4th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

About IWG

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.