Springfield Properties (LON:SPR) Shares Up 0.6% – Here’s Why

Springfield Properties PLC (LON:SPR) rose 0.6% on Tuesday . The stock traded as high as GBX 89.50 ($1.12) and last traded at GBX 89.50 ($1.12). Approximately 169,940 shares traded hands during trading, an increase of 44% from the average daily volume of 118,371 shares. The stock had previously closed at GBX 89 ($1.11).

Springfield Properties Stock Performance

The stock has a fifty day simple moving average of GBX 94.52 and a two-hundred day simple moving average of GBX 98.12. 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 £107.32 million, a price-to-earnings ratio of 1,506.25 and a beta of 1.42.

Insider Activity at Springfield Properties

In related news, insider Innes Smith sold 14,559 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of GBX 98 ($1.22), for a total value of £14,267.82 ($17,832.55). Also, insider Iain Logan sold 5,064 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of GBX 104 ($1.30), for a total transaction of £5,266.56 ($6,582.38). 36.20% of the stock is currently owned by insiders.

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.