Secure Property Development & Investment (LON:SPDI) Stock Price Down 14.3% – Here’s Why

Secure Property Development & Investment Plc (LON:SPDI) traded down 14.3% on Wednesday . The company traded as low as GBX 1.50 and last traded at GBX 1.50. 175,000 shares were traded during trading, an increase of 71% from the average session volume of 102,081 shares. The stock had previously closed at GBX 1.75.

Secure Property Development & Investment Price Performance

The business has a 50-day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.76. The stock has a market cap of £1.94 million, a price-to-earnings ratio of 178.54 and a beta of 0.42.

Secure Property Development & Investment Company Profile

Secure Property Development and Investment plc is an AIM listed property development and investment company focused on the South East European markets. The Company's strategy is focused on generating healthy investment returns principally derived from: the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets. The Company is focused primarily on commercial and industrial property in populous locations with blue chip tenants on long term rental contracts.