Town Centre Securities (LON:TOWN) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Town Centre Securities Plc (LON:TOWN) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 125.45 and traded as low as GBX 121. Town Centre Securities shares last traded at GBX 129, with a volume of 4,002 shares traded.

Town Centre Securities Stock Up 3.2%

The firm’s 50 day simple moving average is GBX 125.45 and its 200 day simple moving average is GBX 121.39. The company has a market cap of £54.19 million, a price-to-earnings ratio of -9.42 and a beta of 0.65. The company has a quick ratio of 0.65, a current ratio of 0.47 and a debt-to-equity ratio of 154.00.

Town Centre Securities (LON:TOWN) last issued its quarterly earnings data on Thursday, October 15th. The company reported GBX (3.20) earnings per share (EPS) for the quarter. Town Centre Securities had a negative return on equity of 1.25% and a negative net margin of 3.87%. Sell-side analysts anticipate that Town Centre Securities Plc will post 6.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael Ziff sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of GBX 129, for a total value of £129,000. 22.66% of the stock is currently owned by corporate insiders.

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.