Leon’s Furniture (TSE:LNF) Reaches New 1-Year Low – Should You Sell?

Shares of Leon’s Furniture Limited (TSE:LNF) hit a new 52-week low during trading on Thursday . The stock traded as low as C$23.25 and last traded at C$23.36, with a volume of 13689 shares. The stock had previously closed at C$23.60.

Leon’s Furniture Price Performance

The firm has a market cap of C$1.61 billion, a P/E ratio of 10.40 and a beta of 1.16. The firm’s fifty day simple moving average is C$24.29 and its 200 day simple moving average is C$26.08. The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.53 and a current ratio of 1.53.

Leon’s Furniture (TSE:LNF) last issued its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. The firm had revenue of C$557.15 million for the quarter. Leon’s Furniture had a return on equity of 12.69% and a net margin of 6.06%. As a group, analysts forecast that Leon’s Furniture Limited will post 2.2104466 earnings per share for the current year.

Insider Buying and Selling

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 purchased at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the acquisition, the insider owned 2,500 shares in the company, valued at C$60,000. This trade represents a 150.00% increase in their position. Also, insider Lewis Mark Leon purchased 1,500 shares of Leon’s Furniture stock in a transaction that occurred 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 directly 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. In the last ninety days, insiders acquired 4,320 shares of company stock worth $104,915. Corporate insiders own 69.49% of the company’s stock.

Leon’s Furniture Company Profile

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.