Town Centre Securities (LON:TOWN) Hits New 52-Week Low – Should You Sell?

Town Centre Securities Plc (LON:TOWN) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 113 ($1.37) and last traded at GBX 120 ($1.46), with a volume of 22767 shares. The stock had previously closed at GBX 126 ($1.53).

Town Centre Securities Price Performance

The company has a 50-day moving average of GBX 129.13 and a 200-day moving average of GBX 135.54. The company has a debt-to-equity ratio of 130.44, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a market cap of £50.56 million, a price-to-earnings ratio of -200.00 and a beta of 1.11.

Insider Activity

In related news, insider Michael Ziff sold 15,300 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 130 ($1.58), for a total transaction of £19,890 ($24,191.19). Corporate insiders own 56.94% of the company’s stock.

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.