Town Centre Securities (LON:TOWN) Stock Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• Town Centre Securities shares fell below their 50-day moving average, trading at GBX 124.80 ($1.69), with an average of GBX 132.90 ($1.80).
• The company has a market cap of £52.42 million and a significantly high P/E ratio of -7,800.00, indicating financial challenges.
• Town Centre Securities is involved primarily in property investment, development, and car parking services in the UK.

Town Centre Securities Plc (LON:TOWN - ) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 132.90 ($1.80) and traded as low as GBX 124.80 ($1.69). Town Centre Securities shares last traded at GBX 124.80 ($1.69), with a volume of 10,000 shares trading hands.

Town Centre Securities Price Performance

The stock has a market cap of £52.42 million, a P/E ratio of -7,800.00 and a beta of 1.11. The company has a 50 day simple moving average of GBX 132.90 and a 200 day simple moving average of GBX 136.20. The company has a current ratio of 0.78, a quick ratio of 0.65 and a debt-to-equity ratio of 133.21.

Town Centre Securities Company Profile

Town Centre Securities PLC (the "Company") is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.

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