London & Associated Properties (LON:LAS) Shares Cross Above 50-Day Moving Average – What’s Next?

London & Associated Properties Plc (LON:LAS) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 3.50 and traded as high as GBX 3.50. London & Associated Properties shares last traded at GBX 3.50, with a volume of 1,080,385 shares changing hands.

London & Associated Properties Price Performance

The company has a debt-to-equity ratio of 52.56, a current ratio of 0.80 and a quick ratio of 0.38. The stock’s fifty day moving average is GBX 3.50 and its 200-day moving average is GBX 3.53. The stock has a market cap of £2.99 million, a PE ratio of -1.75 and a beta of 0.09.

London & Associated Properties Company Profile

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.