London & Associated Properties Plc (LON:LAS – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 3.50 and traded as high as GBX 3.50. London & Associated Properties shares last traded at GBX 3.50, with a volume of 1,080,385 shares changing hands.
London & Associated Properties Price Performance
The stock has a market capitalization of £2.99 million, a price-to-earnings ratio of -1.75 and a beta of 0.09. 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 company’s 50 day moving average is GBX 3.50 and its 200 day moving average is GBX 3.50.
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.
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