London & Associated Properties (LON:LAS) Stock Price Down 21.9% – Here’s Why

London & Associated Properties Plc (LON:LAS) traded down 21.9% during trading on Tuesday . The company traded as low as GBX 3.06 ($0.04) and last traded at GBX 6.25 ($0.08). 124,910 shares changed hands during trading, an increase of 506% from the average session volume of 20,600 shares. The stock had previously closed at GBX 8 ($0.11).

London & Associated Properties Price Performance

The company has a current ratio of 0.80, a quick ratio of 0.38 and a debt-to-equity ratio of 52.56. The business has a 50-day moving average price of GBX 8.64 and a 200 day moving average price of GBX 8.84. The stock has a market cap of £3.58 million, a PE ratio of -2.10 and a beta of 0.09.

London & Associated Properties (LON:LAS) last issued its quarterly earnings results on Tuesday, September 30th. The company reported GBX (1.50) EPS for the quarter. London & Associated Properties had a negative net margin of 1.61% and a positive return on equity of 3.76%.

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.