Leon’s Furniture (TSE:LNF) Hits New 52-Week Low – Should You Sell?

Leon’s Furniture Limited (TSE:LNF)’s share price hit a new 52-week low during trading on Monday . The company traded as low as C$23.25 and last traded at C$23.99, with a volume of 7271 shares trading hands. The stock had previously closed at C$23.90.

Leon’s Furniture Price Performance

The company has a market cap of C$1.62 billion, a PE ratio of 10.45 and a beta of 1.16. The business has a 50 day moving average of C$24.42 and a 200 day moving average of C$26.26. 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 issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. Leon’s Furniture had a net margin of 6.06% and a return on equity of 12.69%. The business had revenue of C$557.15 million for the quarter. As a group, research analysts predict that Leon’s Furniture Limited will post 2.2104466 EPS for the current year.

Insider Activity

In related news, insider Lewis Mark Leon purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of C$24.40 per share, with a total value of C$36,600.00. Following the completion of the purchase, 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 ownership of the stock. Also, insider Darci Marie Walker acquired 1,500 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average price of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the acquisition, the insider directly owned 2,500 shares of the company’s stock, valued at C$60,000. This trade represents a 150.00% increase in their ownership of the stock. Insiders have purchased 4,320 shares of company stock worth $104,915 in the last quarter. 69.49% of the stock is owned by corporate 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.