London & Associated Properties (LON:LAS) Shares Cross Below 50-Day Moving Average – Time to Sell?

London & Associated Properties Plc (LON:LAS)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

London & Associated Properties Stock Performance

The business has a 50 day moving average of GBX 3.50 and a 200-day moving average of GBX 5.99. The company has a market capitalization of £2.99 million, a P/E ratio of -1.75 and a beta of 0.09. The company has a debt-to-equity ratio of 52.56, a quick ratio of 0.38 and a current ratio of 0.80.

About London & Associated Properties

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.