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

Springfield Properties PLC (LON:SPR) traded down 1% 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 mid-day 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 Trading Down 1.0 %

The firm has a market cap of £117.56 million, a price-to-earnings 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 business has a 50-day moving average of GBX 103.63 and a 200-day moving average of GBX 99.04.

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 dividend yield of 0.96%. The ex-dividend date is Thursday, November 7th. Springfield Properties’s dividend payout ratio (DPR) is 1,666.67%.

Insider Transactions at Springfield Properties

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

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.