Town Centre Securities (LON:TOWN) Shares Up 2.2% – Still a Buy?

Town Centre Securities Plc (LON:TOWN)’s stock price was up 2.2% during mid-day trading on Wednesday . The company traded as high as GBX 127.25 ($1.57) and last traded at GBX 127.25 ($1.57). Approximately 73 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 1,211 shares. The stock had previously closed at GBX 124.50 ($1.54).

Town Centre Securities Price Performance

The company has a market capitalization of £53.61 million, a price-to-earnings ratio of -212.08 and a beta of 1.11. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 130.44. The company’s 50 day simple moving average is GBX 130.78 and its 200-day simple moving average is GBX 135.95.

Insider Activity at Town Centre Securities

In related news, insider Michael Ziff sold 15,300 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 130 ($1.61), for a total value of £19,890 ($24,585.91). Insiders own 56.94% of the company’s stock.

About Town Centre Securities

Town Centre Securities PLC (the “Company”) is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.