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

Leon’s Furniture Limited (TSE:LNF) hit a new 52-week low during trading on Monday . The company traded as low as C$23.25 and last traded at C$23.99, with a volume of 7271 shares. The stock had previously closed at C$23.90.

Leon’s Furniture Stock Up 0.8%

The business’s 50-day moving average price is C$24.52 and its 200-day moving average price is C$26.32. The company has a quick ratio of 0.53, a current ratio of 1.53 and a debt-to-equity ratio of 38.77. The firm has a market capitalization of C$1.66 billion, a PE ratio of 10.70 and a beta of 1.16.

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

Insider Buying and Selling at Leon’s Furniture

In other news, insider Darci Marie Walker acquired 1,500 shares of Leon’s Furniture stock in a transaction dated Friday, May 15th. The stock was 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 purchase, the insider owned 2,500 shares of the company’s stock, valued at C$60,000. This represents a 150.00% increase in their ownership of the stock. Also, insider Lewis Mark Leon bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of C$24.40 per share, with a total value of C$36,600.00. Following 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 ownership of the stock. Over the last quarter, insiders have purchased 4,320 shares of company stock valued at $104,915. 69.49% of the stock is owned by corporate insiders.

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.