Leon’s Furniture (TSE:LNF) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Leon’s Furniture Limited (TSE:LNF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.57 and traded as high as C$28.00. Leon’s Furniture shares last traded at C$27.82, with a volume of 43,880 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on LNF. Stifel Nicolaus set a C$30.00 target price on Leon’s Furniture and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Acumen Capital set a C$34.00 price objective on shares of Leon’s Furniture and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Stifel Canada raised shares of Leon’s Furniture to a “hold” rating in a research note on Tuesday, October 22nd.

Leon’s Furniture Price Performance

The stock has a market capitalization of C$1.90 billion, a P/E ratio of 13.00 and a beta of 0.82. The company has a debt-to-equity ratio of 41.88, a quick ratio of 0.53 and a current ratio of 1.42. The firm has a 50-day moving average price of C$28.89 and a 200 day moving average price of C$25.57.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.44 EPS for the quarter. The business had revenue of C$617.66 million for the quarter. Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. On average, analysts expect that Leon’s Furniture Limited will post 2.2104466 EPS for the current year.

Insider Activity

In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 3,800 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total value of C$114,000.00. 69.49% of the stock is owned by corporate insiders.

Leon’s Furniture Company Profile

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.