Leon’s Furniture (TSE:LNF) Stock Passes Above 50-Day Moving Average – Here’s Why

Leon’s Furniture Limited (TSE:LNF) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$24.64 and traded as high as C$24.76. Leon’s Furniture shares last traded at C$24.34, with a volume of 20,056 shares traded.

Leon’s Furniture Price Performance

The company has a quick ratio of 0.53, a current ratio of 1.53 and a debt-to-equity ratio of 38.77. The company has a market capitalization of C$1.68 billion, a PE ratio of 10.82 and a beta of 1.16. The firm’s 50 day simple moving average is C$24.64 and its 200 day simple moving average is C$26.41.

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

Insider Activity at Leon’s Furniture

In other Leon’s Furniture news, insider Lewis Mark Leon purchased 1,500 shares of Leon’s Furniture stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of C$24.40 per share, for a total transaction of C$36,600.00. Following the completion of the acquisition, the insider owned 116,026 shares in the company, valued at C$2,831,034.40. This represents a 1.31% increase in their position. Also, insider Darci Marie Walker purchased 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the purchase, the insider directly owned 2,500 shares in the company, valued at C$60,000. The trade was a 150.00% increase in their position. Insiders have acquired 4,320 shares of company stock valued at $104,915 in the last 90 days. Company insiders own 69.49% of the company’s stock.

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.