Springfield Properties (LON:SPR) Stock Price Down 1% – Here’s Why

Springfield Properties PLC (LON:SPR) shares fell 1% on Tuesday . The company 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 stock’s 50-day moving average price is GBX 103.39 and its 200-day moving average price is GBX 99.07. The company has a market cap of £118.16 million, a P/E ratio of 1,642.67 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.

Springfield Properties Cuts Dividend

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

Insider Transactions at Springfield Properties

In other news, insider Iain Logan purchased 5,064 shares of Springfield Properties stock in a transaction that occurred on Monday, October 14th. The shares were acquired at an average price of GBX 103 ($1.34) per share, for a total transaction of £5,215.92 ($6,789.79). In other Springfield Properties news, insider Innes Smith sold 14,559 shares of Springfield Properties stock in a transaction dated Monday, October 7th. The stock was sold at an average price of GBX 98 ($1.28), for a total value of £14,267.82 ($18,573.05). Also, insider Iain Logan bought 5,064 shares of the stock in a transaction on Monday, October 14th. The shares were acquired at an average cost of GBX 103 ($1.34) per share, with a total value of £5,215.92 ($6,789.79). 36.20% of the stock is currently owned by 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.