Springfield Properties (LON:SPR) Stock Price Down 1% – What’s Next?

Springfield Properties PLC (LON:SPR)’s stock price fell 1% during trading on Tuesday . The stock traded as low as GBX 98.35 ($1.28) and last traded at GBX 99 ($1.29). 43,405 shares changed hands during trading, a decline of 64% from the average session volume of 119,285 shares. The stock had previously closed at GBX 100 ($1.30).

Springfield Properties Stock Performance

The firm has a market capitalization of £117.56 million, a P/E ratio of 1,650.00 and a beta of 1.42. The company has a debt-to-equity ratio of 38.16, a current ratio of 2.45 and a quick ratio of 0.48. The stock’s 50 day moving average is GBX 103.63 and its two-hundred day moving average is GBX 99.04.

Springfield Properties Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 7th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 0.96%. Springfield Properties’s payout ratio is currently 1,666.67%.

Insider Activity

In other news, insider Iain Logan purchased 5,064 shares of Springfield Properties stock in a transaction dated Monday, October 14th. The shares were bought at an average cost of GBX 103 ($1.34) per share, with a total value of £5,215.92 ($6,789.79). In other Springfield Properties news, insider Iain Logan purchased 5,064 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were bought at an average price of GBX 103 ($1.34) per share, with a total value of £5,215.92 ($6,789.79). Also, insider Innes Smith acquired 8,846 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average price of GBX 102 ($1.33) per share, for a total transaction of £9,022.92 ($11,745.54). 36.20% of the stock is currently owned by company insiders.

Springfield Properties Company Profile

Springfield Properties Plc, together with its subsidiaries, engages in the house building business in the United Kingdom. The company offers private, contract, and affordable housing, as well as provides development services to third party private organizations. It is also involved in hiring plants and machineries; property development activities; buying and selling real estate; manufacturing timber kits; and provision of management services.