Leon’s Furniture (TSE:LNF) Reaches New 52-Week Low – What’s Next?

Shares of Leon’s Furniture Limited (TSE:LNF) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$23.25 and last traded at C$23.99, with a volume of 7271 shares changing hands. The stock had previously closed at C$23.90.

Leon’s Furniture Stock Up 0.8%

The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.53 and a current ratio of 1.53. The stock has a 50 day moving average price of C$24.52 and a 200 day moving average price of C$26.32. The company has a market cap of C$1.66 billion, a P/E ratio of 10.70 and a beta of 1.16.

Leon’s Furniture (TSE:LNF) last announced its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share 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. Research analysts expect that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current fiscal year.

Insider Activity at Leon’s Furniture

In other Leon’s Furniture news, insider Darci Marie Walker bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the purchase, the insider directly owned 2,500 shares in the company, valued at approximately C$60,000. This trade represents a 150.00% increase in their ownership of the stock. Also, insider Lewis Mark Leon purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of C$24.40 per share, for a total transaction of C$36,600.00. Following the transaction, the insider owned 116,026 shares of the company’s stock, valued at C$2,831,034.40. The trade was a 1.31% increase in their position. Insiders bought a total of 4,320 shares of company stock worth $104,915 in the last ninety days. Corporate 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.