Springfield Properties (LON:SPR) Shares Down 3.1% – Here’s What Happened

Shares of Springfield Properties PLC (LON:SPR) were down 3.1% during trading on Wednesday . The stock traded as low as GBX 93 ($1.15) and last traded at GBX 94.50 ($1.17). Approximately 209,285 shares traded hands during mid-day trading, an increase of 177% from the average daily volume of 75,598 shares. The stock had previously closed at GBX 97.50 ($1.21).

Springfield Properties Stock Performance

The firm’s 50 day simple moving average is GBX 93 and its 200 day simple moving average is GBX 97.99. The firm has a market cap of £112.22 million, a PE ratio of 1,575.00 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.

Insider Buying and Selling at Springfield Properties

In other news, insider Iain Logan bought 5,064 shares of the stock in a transaction on Monday, October 14th. The stock was acquired at an average cost of GBX 103 ($1.27) per share, for a total transaction of £5,215.92 ($6,447.37). 36.20% of the stock is owned by company insiders.

Springfield Properties Company Profile

The Springfield Group is one of the largest homebuilders in Scotland. Made up of six well-established and respected brands –Springfield Properties, Springfield Partnerships, Dawn Homes, Walker Group, Tulloch Homes and Mactaggart & Mickel Homes – we deliver high quality, energy efficient homes across multiple tenures for people that need them.