Springview (NASDAQ:SPHL) Trading Up 12.4% – Should You Buy?

Springview Holdings Ltd (NASDAQ:SPHL)’s stock price rose 12.4% during mid-day trading on Friday . The stock traded as high as $5.50 and last traded at $4.90. Approximately 209,871 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 6,343,884 shares. The stock had previously closed at $4.36.

Analyst Upgrades and Downgrades

SPHL has been the topic of a number of recent research reports. Wall Street Zen raised Springview to a “sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Springview in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Springview Price Performance

The stock has a 50 day moving average price of $3.94 and a two-hundred day moving average price of $4.03.

Springview (NASDAQ:SPHL) last released its quarterly earnings data on Friday, September 26th. The company reported ($0.08) EPS for the quarter. The company had revenue of $1.47 million during the quarter.

Springview Company Profile

Our company, through our indirect wholly owned subsidiary, Springview Enterprises Pte. Ltd. (“Springview Singapore”), designs and constructs residential and commercial buildings in Singapore. Our projects cover four main types of work: (i) new construction, (ii) reconstruction, (iii) additions and alterations (A&A), and (iv) other general contracting services. For new construction, an existing house will be demolished, and a new house will be rebuilt. Our reconstruction work involves replacement of a substantial part of a house.