Leon’s Furniture (TSE:LNF) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Leon’s Furniture Limited (TSE:LNF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.61 and traded as low as C$23.75. Leon’s Furniture shares last traded at C$23.90, with a volume of 41,400 shares changing hands.

Leon’s Furniture Trading Down 0.8%

The firm has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 10.62 and a beta of 1.17. The business’s 50-day simple moving average is C$24.95 and its two-hundred day simple moving average is C$26.61. The company has a quick ratio of 0.53, a current ratio of 1.53 and a debt-to-equity ratio of 38.77.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. Leon’s Furniture had a net margin of 6.06% and a return on equity of 12.69%. The business had revenue of C$557.15 million for the quarter. Equities analysts forecast that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Insider Activity at Leon’s Furniture

In other news, insider Darci Marie Walker bought 1,500 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the transaction, the insider directly owned 2,500 shares in the company, valued at C$60,000. This trade represents a 150.00% increase in their ownership of the stock. Also, insider Lewis Mark Leon purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of C$24.40 per share, for a total transaction of C$36,600.00. Following the completion of the purchase, the insider directly owned 116,026 shares of the company’s stock, valued at C$2,831,034.40. This represents a 1.31% increase in their ownership of the stock. Insiders purchased a total of 4,320 shares of company stock valued at $104,915 in the last quarter. 69.49% of the stock is owned by insiders.

Leon’s Furniture Company Profile

Leon’s Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country’s commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.