Leon's Furniture (TSE:LNF) Stock Passes Above 200 Day Moving Average - Should You Sell?

Shares of Leon's Furniture Limited (TSE:LNF - Get Free Report) 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.

Analyst Ratings Changes

Separately, BMO Capital Markets upped their price target on Leon's Furniture from C$28.00 to C$29.00 in a research note on Monday, May 12th. Three 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$30.00.

Leon's Furniture Stock Down 1.3%

The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14. The company has a fifty day simple moving average of C$25.98 and a 200 day simple moving average of C$25.04. The firm has a market capitalization of C$1.88 billion, a P/E ratio of 14.26 and a beta of 0.82.

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.