London & Associated Properties (LON:LAS) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

London & Associated Properties Plc (LON:LASGet Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 3.50 and traded as low as GBX 2. London & Associated Properties shares last traded at GBX 3.50, with a volume of 1,080,385 shares trading hands.

London & Associated Properties Stock Performance

The company has a debt-to-equity ratio of 52.56, a quick ratio of 0.38 and a current ratio of 0.80. The company has a market cap of £2.99 million, a PE ratio of -1.75 and a beta of 0.09. The company’s 50 day moving average price is GBX 3.50 and its 200-day moving average price is GBX 5.99.

About London & Associated Properties

(Get Free Report)

London & Associated Properties is a fully listed property investment company specialising in retail. It owns a portfolio of shopping centres and other retail property currently worth some £78m. LAP also invests in joint ventures with institutional co-owners; these have included Oaktree Capital Management, Schroders and Bank of Scotland. LAMS, LAP's directly owned subsidiary, is an property asset manager that carries out both asset management and property management for third parties. These parties have included the Lloyds Bank, NAMA, Deloittes and Grant Thornton as well as the joint ventures in which LAP has invested.

Recommended Stories

Receive News & Ratings for London & Associated Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for London & Associated Properties and related companies with MarketBeat.com's FREE daily email newsletter.