London & Associated Properties (LON:LAS) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

London & Associated Properties Plc (LON:LASGet Free Report)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.50 and traded as low as GBX 2. London & Associated Properties shares last traded at GBX 3.50, with a volume of 1,080,385 shares.

London & Associated Properties Stock Up 0.6%

The stock’s fifty day simple moving average is GBX 3.50 and its 200-day simple moving average is GBX 3.50. The stock has a market cap of £2.99 million, a P/E ratio of -1.75 and a beta of 0.09. The company has a debt-to-equity ratio of 52.56, a quick ratio of 0.38 and a current ratio of 0.80.

About London & Associated Properties

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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.

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