Town Centre Securities (LON:TOWN) Share Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Town Centre Securities Plc (LON:TOWN) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 117.51 and traded as low as GBX 116.48. Town Centre Securities shares last traded at GBX 118, with a volume of 1,680 shares.

Town Centre Securities Stock Performance

The firm has a market cap of £49.57 million, a PE ratio of -8.61 and a beta of 0.65. The company has a current ratio of 0.95, a quick ratio of 0.65 and a debt-to-equity ratio of 160.89. The firm’s 50 day simple moving average is GBX 117.51 and its 200 day simple moving average is GBX 121.26.

Town Centre Securities (LON:TOWN) last announced its earnings results on Thursday, March 26th. The company reported GBX (3.20) earnings per share (EPS) for the quarter. Town Centre Securities had a negative net margin of 15.27% and a negative return on equity of 4.75%. On average, research analysts forecast that Town Centre Securities Plc will post 6.4926063 EPS for the current fiscal year.

Insider Activity

In other news, insider Ben Ziff sold 120,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of GBX 115, for a total transaction of £138,575. Corporate insiders own 22.90% of the company’s stock.

About Town Centre Securities

Town Centre Securities PLC (the “Company”) is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.