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

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

Leon’s Furniture Stock Performance

The company has a current ratio of 1.53, a quick ratio of 0.53 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 issued its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share for the quarter. The business 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 predict that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Darci Marie Walker purchased 1,500 shares of Leon’s Furniture stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the transaction, the insider owned 2,500 shares in the company, valued at approximately C$60,000. The trade was a 150.00% increase in their position. Also, insider Lewis Mark Leon acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of C$24.40 per share, for a total transaction of C$36,600.00. Following the transaction, the insider 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 bought a total of 4,320 shares of company stock worth $104,915 over the last quarter. 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.