Springfield Properties (LON:SPR) Stock Price Down 0.6% – Here’s What Happened

Springfield Properties PLC (LON:SPR) dropped 0.6% during trading on Tuesday . The stock traded as low as GBX 87.97 ($1.12) and last traded at GBX 89 ($1.13). Approximately 466,854 shares changed hands during mid-day 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 Trading Down 0.8 %

The stock has a 50-day moving average price of GBX 99.90 and a two-hundred day moving average price of GBX 98.83. The stock has a market capitalization of £104.86 million, a PE ratio of 1,471.67 and a beta of 1.42. The company has a debt-to-equity ratio of 38.16, a quick ratio of 0.48 and a current ratio of 2.45.

Springfield Properties Cuts Dividend

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

Insider Activity at Springfield Properties

In other news, insider Innes Smith sold 14,559 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of GBX 98 ($1.24), for a total value of £14,267.82 ($18,088.01). Also, insider Iain Logan sold 5,064 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of GBX 104 ($1.32), for a total transaction of £5,266.56 ($6,676.67). 36.20% of the stock is owned by corporate insiders.

About Springfield Properties

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.