Town Centre Securities (LON:TOWN) Shares Pass Below 50-Day Moving Average – Time to Sell?

Town Centre Securities Plc (LON:TOWN) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 126.23 and traded as low as GBX 124. Town Centre Securities shares last traded at GBX 124, with a volume of 7,501 shares changing hands.

Town Centre Securities Trading Up 2.5%

The company has a debt-to-equity ratio of 133.21, a current ratio of 0.78 and a quick ratio of 0.65. The business’s 50-day simple moving average is GBX 126.23 and its two-hundred day simple moving average is GBX 129.21. The stock has a market capitalization of £52.09 million, a price-to-earnings ratio of -15.12 and a beta of 1.11.

Town Centre Securities (LON:TOWN) last issued its earnings results on Friday, October 17th. The company reported GBX (8.20) EPS for the quarter. Town Centre Securities had a negative net margin of 23.60% and a negative return on equity of 6.58%. On average, research analysts anticipate that Town Centre Securities Plc will post 6.4926063 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Town Centre Securities news, insider Michael Ziff sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of GBX 124, for a total transaction of £31,000. 23.07% of the stock is owned by company insiders.

About Town Centre Securities

Town Centre Securities PLC (the “Company”) is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.