Leon’s Furniture (TSE:LNF) Sets New 12-Month Low – Here’s Why

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

Leon’s Furniture Stock Down 1.5%

The business has a 50-day moving average of C$25.16 and a 200 day moving average of C$26.74. The company has a market capitalization of C$1.64 billion, a PE ratio of 10.60 and a beta of 1.17. The company has a debt-to-equity ratio of 38.77, a current ratio of 1.53 and a quick ratio of 0.53.

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

Insiders Place Their Bets

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. Over the last three months, insiders purchased 4,320 shares of company stock valued at $104,915. 69.49% of the stock is currently owned by insiders.

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.