Leon’s Furniture (TSE:LNF) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Leon’s Furniture Limited (TSE:LNF)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.03 and traded as high as C$28.37. Leon’s Furniture shares last traded at C$28.33, with a volume of 13,282 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LNF. Stifel Nicolaus decreased their price objective on shares of Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a research report on Wednesday, February 26th. Royal Bank Of Canada decreased their price objective on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, BMO Capital Markets upped their price objective on shares of Leon’s Furniture from C$28.00 to C$29.00 in a research report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$30.00.

Leon’s Furniture Trading Up 2.6%

The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14. The business’s 50-day simple moving average is C$25.79 and its two-hundred day simple moving average is C$25.03. The company has a market capitalization of C$1.95 billion, a PE ratio of 14.77 and a beta of 0.82.

Insider Transactions at Leon’s Furniture

In other news, Senior Officer John Andrew Cooney sold 3,300 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$23.74, for a total transaction of C$78,354.87. Corporate insiders own 69.49% of the company’s stock.

About Leon’s Furniture

Leon’s Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country’s commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.