John Wood Group (OTCMKTS:WDGJF) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of John Wood Group PLC (OTCMKTS:WDGJF) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.05 and traded as low as $0.82. John Wood Group shares last traded at $0.82, with a volume of 4,050 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. began coverage on John Wood Group in a report on Thursday, October 17th. They set an “overweight” rating for the company.

John Wood Group Stock Performance

The business has a 50 day moving average of $1.01 and a two-hundred day moving average of $1.70.

John Wood Group Company Profile

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.