Leon’s Furniture (TSE:LNF) Stock Passes Above 200-Day Moving Average – Should You Sell?

Leon’s Furniture Limited (TSE:LNF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$28.59 and traded as high as C$28.66. Leon’s Furniture shares last traded at C$28.46, with a volume of 7,891 shares traded.

Analyst Upgrades and Downgrades

Separately, CIBC upped their price objective on shares of Leon’s Furniture from C$31.00 to C$32.00 in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.80.

Leon’s Furniture Price Performance

The company has a market capitalization of C$1.96 billion, a PE ratio of 11.25 and a beta of 1.01. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38. The stock has a 50 day moving average price of C$28.39 and a two-hundred day moving average price of C$28.60.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.65 EPS for the quarter. The firm had revenue of C$678.63 million for the quarter. Leon’s Furniture had a return on equity of 12.54% and a net margin of 5.24%. Equities analysts forecast that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Insider Transactions at Leon’s Furniture

In other Leon’s Furniture news, insider John Andrew Cooney sold 2,200 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of C$28.00, for a total transaction of C$61,600.00. Following the transaction, the insider directly owned 52,274 shares of the company’s stock, valued at C$1,463,672. This represents a 4.04% decrease in their ownership of the stock. Corporate 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.