Land Securities Group (OTCMKTS:LSGOF) Shares Gap Up – Here’s Why

Shares of Land Securities Group PLC (OTCMKTS:LSGOF – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $8.1525, but opened at $8.6750. Land Securities Group shares last traded at $8.6750, with a volume of 976 shares trading hands.

Land Securities Group Stock Performance

The firm has a 50 day simple moving average of $9.04 and a 200-day simple moving average of $8.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.57.

Land Securities Group Company Profile

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Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based real estate company that develops, owns and manages commercial and mixed-use property. Its activities include office buildings, retail destinations, leisure facilities and large-scale urban neighborhoods.

The company’s portfolio is concentrated primarily in London and other major areas of the United Kingdom. Landsec works across the property lifecycle, including development, asset management, leasing and the operation of properties for business, retail and leisure occupiers.

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