London & Associated Properties (LON:LAS) Stock Price Up 0.6% – What’s Next?

London & Associated Properties Plc (LON:LAS – Get Free Report)’s stock price traded up 0.6% during trading on Wednesday. The stock traded as high as GBX 3.50 and last traded at GBX 3.50. Approximately 1,080,385 shares traded hands during mid-day trading, an increase of 811% from the average daily volume of 118,606 shares. The stock had previously closed at GBX 3.48.

London & Associated Properties Stock Up 0.6%

The business has a 50-day moving average price of GBX 3.50 and a two-hundred day moving average price of GBX 3.50. The company has a quick ratio of 0.38, a current ratio of 0.80 and a debt-to-equity ratio of 52.56. The firm has a market cap of £2.99 million, a PE ratio of -1.75 and a beta of 0.09.

About London & Associated Properties

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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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