Leon’s Furniture (TSE:LNF) Stock Passes Above 200 Day Moving Average of $22.71

Leon’s Furniture Limited (TSE:LNF) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.71 and traded as high as C$23.06. Leon’s Furniture shares last traded at C$23.06, with a volume of 20,205 shares traded.

Separately, BMO Capital Markets raised their target price on shares of Leon’s Furniture from C$25.00 to C$28.00 and gave the stock a “na” rating in a report on Monday, August 16th.

The company has a market capitalization of C$1.85 billion and a price-to-earnings ratio of 10.18. The company has a quick ratio of 0.62, a current ratio of 1.13 and a debt-to-equity ratio of 45.91. The business has a 50-day moving average price of C$23.61 and a 200-day moving average price of C$22.74.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 8th. Investors of record on Wednesday, September 8th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, September 7th. This represents a $0.64 dividend on an annualized basis and a yield of 2.68%. Leon’s Furniture’s dividend payout ratio is currently 26.42%.

In other Leon’s Furniture news, Senior Officer Gregory Paul Nakonechny sold 13,648 shares of the company’s stock in a transaction dated Friday, September 3rd. The shares were sold at an average price of C$24.55, for a total transaction of C$334,991.52. Following the completion of the sale, the insider now directly owns 3,538 shares of the company’s stock, valued at C$86,840.56.

About Leon’s Furniture (TSE:LNF)

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. The company also operates as a commercial retailer of appliances to builders, developers, hotels, and property management companies. In addition, it offers household furniture, electronics, and appliance repair services; and credit insurance products.

Featured Article: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Receive News & Ratings for Leon's Furniture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leon's Furniture and related companies with MarketBeat.com's FREE daily email newsletter.