Town Centre Securities (LON:TOWN) Trading 2.2% Higher – Here’s Why

Shares of Town Centre Securities Plc (LON:TOWN) were up 2.2% during mid-day trading on Wednesday . The stock traded as high as GBX 127.25 ($1.57) and last traded at GBX 127.25 ($1.57). Approximately 73 shares traded hands during 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 debt-to-equity ratio of 130.44, a quick ratio of 0.65 and a current ratio of 0.70. The company has a market capitalization of £53.61 million, a PE ratio of -212.08 and a beta of 1.11. The company’s 50-day simple moving average is GBX 130.78 and its 200-day simple moving average is GBX 135.95.

Insiders Place Their Bets

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

Town Centre Securities Company Profile

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.