London & Associated Properties (LON:LAS) Shares Break Above 50-Day Moving Average – Here’s Why

London & Associated Properties Plc (LON:LAS) shares crossed above its 50-day moving average during trading on Thursday. 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 trading hands.

London & Associated Properties Stock Performance

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 has a quick ratio of 0.38, a current ratio of 0.80 and a debt-to-equity ratio of 52.56. The business has a fifty day moving average of GBX 3.50 and a 200 day moving average of GBX 3.50.

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.