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

Shares of Leon’s Furniture Limited (TSE:LNF) 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 trading hands.

Leon’s Furniture Trading Down 0.8%

The company has a debt-to-equity ratio of 38.77, a current ratio of 1.53 and a quick ratio of 0.53. The company has a market cap of C$1.66 billion, a price-to-earnings ratio of 10.73 and a beta of 1.16. The business’s fifty day moving average price is C$24.56 and its 200 day moving average price is C$26.35.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings data 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%. Research analysts anticipate that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Lewis Mark Leon purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of C$24.40 per share, with a total value of C$36,600.00. Following the completion of the purchase, the insider owned 116,026 shares in the company, valued at approximately C$2,831,034.40. This represents a 1.31% increase in their position. Also, insider Darci Marie Walker acquired 1,500 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the transaction, the insider directly owned 2,500 shares of the company’s stock, valued at C$60,000. The trade was a 150.00% increase in their ownership of the stock. In the last three months, insiders bought 4,320 shares of company stock valued at $104,915. Insiders own 69.49% of the company’s stock.

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.