London & Associated Properties (LON:LAS) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

London & Associated Properties Plc (LON:LASGet Free Report)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 8.31 ($0.11) and traded as high as GBX 8.50 ($0.11). London & Associated Properties shares last traded at GBX 8.50 ($0.11), with a volume of 27,818 shares changing hands.

London & Associated Properties Price Performance

The firm has a 50-day moving average of GBX 8.31 and a 200 day moving average of GBX 9.17. The company has a market capitalization of £7.25 million, a PE ratio of -850.00 and a beta of 0.09. The company has a debt-to-equity ratio of 52.56, a current ratio of 0.80 and a quick ratio of 0.38.

About London & Associated Properties

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London & Associated Properties is a fully listed property investment company specialising in retail. It owns a portfolio of shopping centres and other retail property currently worth some £78m. LAP also invests in joint ventures with institutional co-owners; these have included Oaktree Capital Management, Schroders and Bank of Scotland.

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