London & Associated Properties (LON:LAS) Trading 25% Higher – Here’s What Happened

London & Associated Properties Plc (LON:LAS)’s stock price rose 25% during mid-day trading on Tuesday . The company traded as high as GBX 5 ($0.07) and last traded at GBX 5 ($0.07). Approximately 2,566,580 shares changed hands during trading, an increase of 2,541% from the average daily volume of 97,180 shares. The stock had previously closed at GBX 4 ($0.05).

London & Associated Properties Price Performance

The firm has a market capitalization of £3.54 million, a P/E ratio of -2.08 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. The business has a 50 day simple moving average of GBX 8.15 and a two-hundred day simple moving average of GBX 8.73.

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

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.