Springfield Properties (LON:SPR) Stock Price Down 0.6% – Time to Sell?

Springfield Properties PLC (LON:SPR) shares were down 0.6% on Tuesday . The stock traded as low as GBX 87.97 ($1.11) and last traded at GBX 89 ($1.12). Approximately 466,854 shares changed hands during trading, an increase of 299% from the average daily volume of 116,862 shares. The stock had previously closed at GBX 89.50 ($1.13).

Springfield Properties Price Performance

The firm has a 50-day simple moving average of GBX 100.55 and a two-hundred day simple moving average of GBX 98.93. The company has a market capitalization of £105.69 million, a price-to-earnings ratio of 1,483.33 and a beta of 1.42. The company has a current ratio of 2.45, a quick ratio of 0.48 and a debt-to-equity ratio of 38.16.

Springfield Properties Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Innes Smith sold 14,559 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of GBX 98 ($1.23), for a total transaction of £14,267.82 ($17,935.66). Also, insider Iain Logan bought 5,064 shares of the stock in a transaction dated Monday, October 14th. The shares were purchased at an average cost of GBX 103 ($1.29) per share, for a total transaction of £5,215.92 ($6,556.78). 36.20% of the stock is owned by 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.