Leon’s Furniture (TSE:LNF) Stock Crosses Below 200-Day Moving Average – What’s Next?

Leon’s Furniture Limited (TSE:LNF)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$28.56 and traded as low as C$28.35. Leon’s Furniture shares last traded at C$28.47, with a volume of 15,312 shares changing hands.

Analysts Set New Price Targets

Separately, CIBC lifted their price objective on Leon’s Furniture from C$31.00 to C$32.00 in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Leon’s Furniture currently has a consensus rating of “Moderate Buy” and an average target price of C$32.80.

Leon’s Furniture Stock Down 0.4%

The company has a market capitalization of C$1.96 billion, a P/E ratio of 11.25 and a beta of 1.01. The company has a 50-day moving average of C$28.50 and a two-hundred day moving average of C$28.56. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. Leon’s Furniture had a return on equity of 12.54% and a net margin of 5.24%.The business had revenue of C$678.63 million during the quarter. On average, research analysts predict that Leon’s Furniture Limited will post 2.2104466 EPS for the current year.

Insider Buying and Selling

In other Leon’s Furniture news, insider John Andrew Cooney sold 2,200 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of C$28.00, for a total value of C$61,600.00. Following the sale, the insider owned 52,274 shares in the company, valued at approximately C$1,463,672. This represents a 4.04% decrease in their ownership of the stock. 69.49% of the stock is owned by 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.