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

Leon’s Furniture Limited (TSE:LNF) shares crossed 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 trading hands.

Leon’s Furniture Stock Performance

The firm has a market capitalization of C$1.64 billion, a price-to-earnings ratio of 10.59 and a beta of 1.17. The business has a 50-day moving average of C$24.89 and a two-hundred day moving average of C$26.57. 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 issued its quarterly 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 for the quarter. Leon’s Furniture had a return on equity of 12.69% and a net margin of 6.06%. Research analysts predict that Leon’s Furniture Limited will post 2.2104466 EPS for the current fiscal year.

Insider Buying and Selling

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

About Leon’s Furniture

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.