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

London & Associated Properties Plc (LON:LAS)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

London & Associated Properties Stock Up 0.6%

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 stock has a market cap of £2.99 million, a price-to-earnings ratio of -1.75 and a beta of 0.09. The firm’s 50-day simple moving average is GBX 3.50 and its two-hundred day simple moving average is GBX 4.59.

About London & Associated Properties

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.