Leon’s Furniture (TSE:LNF) Reaches New 1-Year Low – Should You Sell?

Leon’s Furniture Limited (TSE:LNF)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$23.66 and last traded at C$23.80, with a volume of 6834 shares traded. The stock had previously closed at C$23.90.

Leon’s Furniture Stock Performance

The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.53 and a current ratio of 1.53. The firm has a market capitalization of C$1.64 billion, a PE ratio of 10.58 and a beta of 1.17. The firm’s 50 day moving average price is C$24.95 and its 200-day moving average price is C$26.61.

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

Insider Activity at Leon’s Furniture

In other Leon’s Furniture news, insider Lewis Mark Leon bought 1,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 116,026 shares of the company’s stock, valued at approximately 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 business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the acquisition, the insider owned 2,500 shares in the company, valued at C$60,000. This represents a 150.00% increase in their position. Over the last ninety days, insiders have bought 4,320 shares of company stock valued at $104,915. 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.