London & Associated Properties (LON:LAS) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

London & Associated Properties Plc (LON:LASGet Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.50 and traded as low as GBX 2. London & Associated Properties shares last traded at GBX 3.50, with a volume of 1,080,385 shares.

London & Associated Properties Stock Up 0.6%

The company has a debt-to-equity ratio of 52.56, a quick ratio of 0.38 and a current ratio of 0.80. The firm has a market capitalization of £2.99 million, a PE ratio of -1.75 and a beta of 0.09. The company’s 50 day simple moving average is GBX 3.50 and its 200-day simple moving average is GBX 3.50.

London & Associated Properties Company Profile

(Get Free Report)

London & Associated Properties is a fully listed property investment company specialising in retail. It owns a portfolio of shopping centres and other retail property currently worth some £78m. LAP also invests in joint ventures with institutional co-owners; these have included Oaktree Capital Management, Schroders and Bank of Scotland. LAMS, LAP's directly owned subsidiary, is an property asset manager that carries out both asset management and property management for third parties. These parties have included the Lloyds Bank, NAMA, Deloittes and Grant Thornton as well as the joint ventures in which LAP has invested.

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