Leon’s Furniture (TSE:LNF) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Leon’s Furniture Limited (TSE:LNF)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

LNF has been the subject of a number of recent analyst reports. Stifel Nicolaus set a C$30.00 price objective on Leon’s Furniture and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Stifel Canada upgraded shares of Leon’s Furniture to a “hold” rating in a report on Tuesday, October 22nd. Finally, Acumen Capital set a C$34.00 target price on shares of Leon’s Furniture and gave the company a “buy” rating in a research note on Wednesday, August 21st.

Leon’s Furniture Price Performance

The firm has a 50 day moving average price of C$28.89 and a two-hundred day moving average price of C$25.57. The company has a market cap 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.

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

Insider Buying and Selling

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