LSL Property Services (LON:LSL) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• LSL Property Services shares have recently surpassed their 200-day moving average of GBX 285.95 ($3.80) during trading, indicating potential momentum in the stock price.
• The company has a market capitalization of £293.26 million and operates across three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising.
• Insider Adam Castleton purchased 3,328 shares at an average price of GBX 297 ($3.94), reflecting management's confidence in the company's future performance.

Shares of LSL Property Services plc (LON:LSL - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 285.95 ($3.80) and traded as high as GBX 294 ($3.91). LSL Property Services shares last traded at GBX 285 ($3.79), with a volume of 51,225 shares.

LSL Property Services Trading Down 0.4%

The company has a debt-to-equity ratio of 62.42, a quick ratio of 1.06 and a current ratio of 1.30. The firm has a market cap of £292.23 million, a PE ratio of 27.44, a PEG ratio of 1.49 and a beta of 1.09. The stock's 50 day simple moving average is GBX 301.86 and its 200 day simple moving average is GBX 286.16.

Insider Buying and Selling

In related news, insider Adam Castleton purchased 3,328 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of GBX 297 ($3.95) per share, with a total value of £9,884.16 ($13,142.08). 15.29% of the stock is currently owned by corporate insiders.

About LSL Property Services

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising.