London & Associated Properties Plc (LON:LAS – Get Free Report)’s stock price shot up 0.6% on Wednesday. The company traded as high as GBX 3.50 and last traded at GBX 3.50. 1,080,385 shares were traded during trading, an increase of 811% from the average daily volume of 118,606 shares. The stock had previously closed at GBX 3.48.
London & Associated Properties Trading Up 0.6%
The company has a market capitalization of £2.99 million, a price-to-earnings ratio of -1.75 and a beta of 0.09. The company has a debt-to-equity ratio of 52.56, a quick ratio of 0.38 and a current ratio of 0.80. The firm has a fifty day moving average price of GBX 3.50 and a 200-day moving average price of GBX 3.50.
About London & Associated Properties
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. LAMS, LAP's directly owned subsidiary, is an property asset manager that carries out both asset management and property management for third parties. These parties have included the Lloyds Bank, NAMA, Deloittes and Grant Thornton as well as the joint ventures in which LAP has invested.
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