London & Associated Properties (LON:LAS) Shares Pass Below 200 Day Moving Average – Here’s What Happened

London & Associated Properties Plc (LON:LASGet Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9.69 ($0.13) and traded as low as GBX 8.12 ($0.10). London & Associated Properties shares last traded at GBX 8.12 ($0.10), with a volume of 3,150 shares traded.

London & Associated Properties Stock Down 5.5 %

The company has a current ratio of 0.80, a quick ratio of 0.38 and a debt-to-equity ratio of 52.56. The business’s 50-day simple moving average is GBX 8.64 and its 200-day simple moving average is GBX 9.64. The company has a market capitalization of £6.85 million, a PE ratio of -803.00 and a beta of 0.09.

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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