London & Associated Properties (LON:LAS) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Shares of London & Associated Properties Plc (LON:LAS) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

London & Associated Properties Price Performance

The company’s 50-day moving average price is GBX 3.50 and its two-hundred day moving average price is GBX 5.58. 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.

London & Associated Properties Company Profile

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.