London & Associated Properties (LON:LAS) Trading Down 9.1%

Shares of London & Associated Properties Plc (LON:LASGet Free Report) dropped 9.1% during mid-day trading on Monday . The company traded as low as GBX 10 ($0.13) and last traded at GBX 10 ($0.13). Approximately 10,565 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 19,505 shares. The stock had previously closed at GBX 11 ($0.14).

London & Associated Properties Trading Down 9.1 %

The stock has a market cap of £8.53 million, a P/E ratio of -250.00 and a beta of 0.09. The firm’s fifty day moving average price is GBX 11.86 and its two-hundred day moving average price is GBX 10.61. The company has a debt-to-equity ratio of 82.46, a current ratio of 1.12 and a quick ratio of 0.38.

About London & Associated Properties

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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.

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