Springfield Properties (LON:SPR) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Springfield Properties PLC (LON:SPR)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 111.93 and traded as high as GBX 112. Springfield Properties shares last traded at GBX 112, with a volume of 107,113 shares changing hands.

Springfield Properties Stock Down 2.4%

The company has a debt-to-equity ratio of 15.59, a current ratio of 3.31 and a quick ratio of 0.48. The firm’s 50-day moving average is GBX 111.93 and its 200 day moving average is GBX 109.29. The stock has a market cap of £130.46 million, a price-to-earnings ratio of 14.66 and a beta of 1.07.

Springfield Properties (LON:SPR) last posted its quarterly earnings results on Tuesday, September 15th. The company reported GBX 8.51 earnings per share for the quarter. Springfield Properties had a net margin of 3.87% and a return on equity of 5.37%. Sell-side analysts anticipate that Springfield Properties PLC will post 8.11 earnings per share 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. With a focus on sustainable and quality homes, the customer is at the heart of what we do.