London & Associated Properties Plc (LON:LAS – Get Free Report) traded up 0.6% during mid-day trading on Wednesday. The company traded as high as GBX 3.50 and last traded at GBX 3.50. 1,080,385 shares were traded during mid-day trading, an increase of 811% from the average daily volume of 118,606 shares. The stock had previously closed at GBX 3.48.
London & Associated Properties Stock Performance
The stock’s 50-day simple moving average is GBX 3.50 and its 200-day simple moving average is GBX 3.50. The stock has a market cap of £2.99 million, a price-to-earnings ratio of -1.75 and a beta of 0.09. The company has a current ratio of 0.80, a quick ratio of 0.38 and a debt-to-equity ratio of 52.56.
About London & Associated Properties
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.
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