Leon’s Furniture (TSE:LNF) Reaches New 12-Month Low – Time to Sell?

Leon’s Furniture Limited (TSE:LNF) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$23.25 and last traded at C$23.36, with a volume of 13689 shares traded. The stock had previously closed at C$23.60.

Leon’s Furniture Stock Performance

The firm’s fifty day moving average price is C$24.26 and its 200-day moving average price is C$26.03. The company has a market cap of C$1.64 billion, a P/E ratio of 10.60 and a beta of 1.16. The company has a current ratio of 1.53, a quick ratio of 0.53 and a debt-to-equity ratio of 38.77.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. The firm had revenue of C$557.15 million for the quarter. Leon’s Furniture had a return on equity of 12.69% and a net margin of 6.06%. As a group, research analysts forecast that Leon’s Furniture Limited will post 2.2104466 EPS for the current fiscal year.

Insider Activity at Leon’s Furniture

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

Leon’s Furniture Company Profile

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.