Leon’s Furniture (TSE:LNF) Reaches New 1-Year Low – Here’s Why

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

Leon’s Furniture Price Performance

The firm has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 10.70 and a beta of 1.17. The stock’s fifty day moving average price is C$25.25 and its two-hundred day moving average price is C$26.80. The company has a current ratio of 1.53, a quick ratio of 0.53 and a debt-to-equity ratio of 38.77.

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

Insider Transactions at Leon’s Furniture

In other Leon’s Furniture news, insider Darci Marie Walker acquired 1,500 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of C$24.00 per share, for a total transaction of C$36,000.00. Following the acquisition, the insider owned 2,500 shares in the company, valued at C$60,000. The trade was a 150.00% increase in their position. Also, insider Lewis Mark Leon bought 1,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost 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 in the company, valued at approximately C$2,831,034.40. This represents a 1.31% increase in their position. In the last quarter, insiders bought 4,320 shares of company stock worth $104,915. Company 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.