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

Leon’s Furniture Limited (TSE:LNF) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$23.66 and last traded at C$23.80, with a volume of 6834 shares trading hands. The stock had previously closed at C$23.90.

Leon’s Furniture Price Performance

The company’s 50-day simple moving average is C$24.95 and its 200 day simple moving average is C$26.61. The company has a market cap of C$1.64 billion, a PE ratio of 10.58 and a beta of 1.17. The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.53 and a current ratio of 1.53.

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

Insiders Place Their Bets

In other Leon’s Furniture news, insider Darci Marie Walker purchased 1,500 shares of Leon’s Furniture stock in a transaction on Friday, May 15th. The shares were bought at an average price of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the acquisition, the insider directly owned 2,500 shares of the company’s stock, valued at approximately C$60,000. This trade represents a 150.00% increase in their ownership of the stock. Also, insider Lewis Mark Leon acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost 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 approximately C$2,831,034.40. The trade was a 1.31% increase in their ownership of the stock. In the last 90 days, insiders bought 4,320 shares of company stock valued at $104,915. Company insiders own 69.49% of the company’s stock.

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.