Springfield Properties (LON:SPR) Shares Down 0.6% – Should You Sell?

Springfield Properties PLC (LON:SPR)’s share price fell 0.6% during trading on Tuesday . The company traded as low as GBX 87.97 ($1.12) and last traded at GBX 89 ($1.13). 466,854 shares changed hands during mid-day trading, an increase of 299% from the average session volume of 116,862 shares. The stock had previously closed at GBX 89.50 ($1.13).

Springfield Properties Stock Down 0.8 %

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 has a market cap of £104.86 million, a PE ratio of 1,471.67 and a beta of 1.42. The company has a 50 day moving average price of GBX 99.90 and a two-hundred day moving average price of GBX 98.83.

Springfield Properties Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 7th will be issued 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 payout ratio is presently 1,666.67%.

Insider Transactions at Springfield Properties

In other Springfield Properties news, insider Innes Smith acquired 8,846 shares of the stock in a transaction dated Wednesday, October 9th. The shares were purchased at an average price of GBX 102 ($1.29) per share, for a total transaction of £9,022.92 ($11,438.79). Also, insider Iain Logan acquired 5,064 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was acquired at an average cost of GBX 103 ($1.31) per share, for a total transaction of £5,215.92 ($6,612.47). 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.