London & Associated Properties (LON:LAS) Share Price Passes Below 50 Day Moving Average – What’s Next?

London & Associated Properties Plc (LON:LAS) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 4.29 and traded as low as GBX 2. London & Associated Properties shares last traded at GBX 3.50, with a volume of 1,080,385 shares.

London & Associated Properties Stock 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 company has a market cap of £2.99 million, a P/E ratio of -1.75 and a beta of 0.09. The company’s fifty day moving average is GBX 4.20 and its 200 day moving average is GBX 7.22.

London & Associated Properties (LON:LAS) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX (1.50) earnings per share (EPS) 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. 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.