Town Centre Securities (LON:TOWN) Shares Up 4.6% - Here's What Happened

Key Points

• Town Centre Securities shares increased by 4.6% during mid-day trading, reaching a last traded price of GBX 137.50 ($1.83) after a previous close of GBX 131.45 ($1.75).
• The firm has a market capitalization of £57.93 million, a negative PE ratio of -7.70, and significant debt with a debt-to-equity ratio of 133.21.
• Trading volume dropped by 56%, with only 3,710 shares exchanged compared to an average session volume of 8,463 shares.

Town Centre Securities Plc (LON:TOWN - Get Free Report)'s share price rose 4.6% during trading on Monday . The company traded as high as GBX 139 ($1.87) and last traded at GBX 137.50 ($1.85). Approximately 3,710 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 8,463 shares. The stock had previously closed at GBX 131.45 ($1.77).

Town Centre Securities Price Performance

The firm has a market capitalization of £57.42 million, a P/E ratio of -7.63 and a beta of 1.11. The company has a fifty day moving average of GBX 136.98 and a 200 day moving average of GBX 135.38. The company has a debt-to-equity ratio of 133.21, a current ratio of 0.78 and a quick ratio of 0.65.

About Town Centre Securities

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.