London & Associated Properties (LON:LAS) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of London & Associated Properties Plc (LON:LASGet Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 3.50 and traded as high as GBX 3.50. London & Associated Properties shares last traded at GBX 3.50, with a volume of 1,080,385 shares changing hands.

London & Associated Properties Stock Performance

The company has a fifty day simple moving average of GBX 3.50 and a two-hundred day simple moving average of GBX 3.49. The company has a debt-to-equity ratio of 52.56, a current ratio of 0.80 and a quick ratio of 0.38. The company has a market capitalization of £2.99 million, a P/E ratio of -1.75 and a beta of 0.09.

About London & Associated Properties

(Get Free Report)

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.

Read More

Receive News & Ratings for London & Associated Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for London & Associated Properties and related companies with MarketBeat.com's FREE daily email newsletter.