Springfield Properties (LON:SPR) Stock Price Down 2.4% - What's Next?

Key Points

• Springfield Properties PLC shares declined by 2.4% to GBX 98.56 ($1.31) amid lower trading volume, falling to 76,634 shares compared to an average of 165,028 shares.
• The company currently has a debt-to-equity ratio of 38.16 and has been performing close to its 50-day simple moving average of GBX 98.56.
• Insider Sandy Adam recently purchased 25,000 shares at GBX 95 ($1.26), indicating confidence in the company's stock despite recent downturns.

Springfield Properties PLC (LON:SPR - Get Free Report)'s stock price traded down 2.4% on Wednesday . The stock traded as low as GBX 98.56 ($1.31) and last traded at GBX 98.56 ($1.31). 76,634 shares changed hands during trading, a decline of 54% from the average session volume of 165,028 shares. The stock had previously closed at GBX 101 ($1.34).

Springfield Properties Price Performance

The stock's 50 day moving average price is GBX 98.70 and its 200-day moving average price is GBX 95.50. The company has a quick ratio of 0.48, a current ratio of 2.45 and a debt-to-equity ratio of 38.16. The stock has a market capitalization of £117.27 million, a PE ratio of 15.50 and a beta of 1.42.

Insider Buying and Selling

In other news, insider Sandy Adam purchased 25,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of GBX 95 ($1.26) per share, for a total transaction of £23,750 ($31,523.76). 36.20% of the stock is owned by corporate insiders.

About Springfield Properties

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.