Leon’s Furniture (TSE:LNF) Reaches New 1-Year Low – Here’s Why

Leon’s Furniture Limited (TSE:LNF) reached a new 52-week low during trading on Monday . The company traded as low as C$23.89 and last traded at C$24.04, with a volume of 11457 shares changing hands. The stock had previously closed at C$24.35.

Leon’s Furniture Trading Down 1.1%

The stock has a market capitalization of C$1.66 billion, a PE ratio of 10.70 and a beta of 1.17. The company has a quick ratio of 0.53, a current ratio of 1.53 and a debt-to-equity ratio of 38.77. The business’s 50-day moving average is C$25.25 and its two-hundred day moving average is C$26.80.

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

Insider Transactions at Leon’s Furniture

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