Springfield Properties (LON:SPR) Shares Down 2% - Here's Why

Key Points

• Springfield Properties PLC shares fell by 2% on Thursday, closing at GBX 92.12 ($1.25) after reaching a daily low of the same price.
• Trading volume dropped significantly, with approximately 29,791 shares exchanged, indicating an 80% decline from the average daily volume of 149,031 shares.
• The company has a market capitalization of £109.66 million and a very high price-to-earnings ratio of 1,258.48, which may indicate overvaluation.

Shares of Springfield Properties PLC (LON:SPR - Get Free Report) dropped 2% during trading on Thursday . The company traded as low as GBX 92.12 ($1.26) and last traded at GBX 92.12 ($1.26). Approximately 29,791 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 149,031 shares. The stock had previously closed at GBX 94 ($1.28).

Springfield Properties Price Performance

The company has a debt-to-equity ratio of 38.16, a quick ratio of 0.48 and a current ratio of 2.45. The stock has a market cap of £118.21 million, a price-to-earnings ratio of 1,356.56 and a beta of 1.42. The business's fifty day simple moving average is GBX 97.89 and its 200 day simple moving average is GBX 96.13.

Springfield Properties (LON:SPR - Get Free Report) last issued its quarterly earnings data on Tuesday, September 16th. The company reported GBX 12.66 EPS for the quarter. Springfield Properties had a net margin of 2.83% and a return on equity of 4.88%. Research analysts predict that Springfield Properties PLC will post 8.1103001 EPS for the current fiscal year.

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.