Leon’s Furniture (TSE:LNF) Reaches New 12-Month Low – What’s Next?

Leon’s Furniture Limited (TSE:LNF)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$23.66 and last traded at C$23.80, with a volume of 6834 shares traded. The stock had previously closed at C$23.90.

Leon’s Furniture Stock Performance

The business’s 50-day moving average price is C$24.84 and its 200-day moving average price is C$26.54. The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.53 and a current ratio of 1.53. The stock has a market cap of C$1.64 billion, a P/E ratio of 10.59 and a beta of 1.17.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. The firm 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%. As a group, sell-side analysts expect that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current fiscal year.

Insider Transactions at Leon’s Furniture

In related news, insider Darci Marie Walker acquired 1,500 shares of the stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the transaction, the insider directly owned 2,500 shares in the company, valued at approximately C$60,000. This represents a 150.00% increase in their ownership of the stock. Also, insider Lewis Mark Leon acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 C$2,831,034.40. This trade represents a 1.31% increase in their position. In the last 90 days, insiders acquired 4,320 shares of company stock valued at $104,915. Company 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.