Town Centre Securities (LON:TOWN) Stock Price Up 2.2% – Still a Buy?

Town Centre Securities Plc (LON:TOWN) shares rose 2.2% during trading on Wednesday . The company traded as high as GBX 127.25 ($1.55) and last traded at GBX 127.25 ($1.55). Approximately 73 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,211 shares. The stock had previously closed at GBX 124.50 ($1.52).

Town Centre Securities Stock Performance

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’s 50-day moving average is GBX 130.32 and its 200 day moving average is GBX 135.85. The firm has a market cap of £52.66 million, a P/E ratio of -208.33 and a beta of 1.11.

Insiders Place Their Bets

In other 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 ($1.59), for a total transaction of £19,890 ($24,285.71). Corporate insiders own 56.94% of the company’s stock.

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.