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

Shares of Secure Property Development & Investment Plc (LON:SPDIGet Free Report) fell 14.3% during mid-day trading on Thursday . The company traded as low as GBX 1.50 and last traded at GBX 1.50. 74,812 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 102,081 shares. The stock had previously closed at GBX 1.75.

Secure Property Development & Investment Stock Performance

The firm’s fifty day moving average price is GBX 2.65 and its 200-day moving average price is GBX 3.68. The company has a market cap of £2.26 million, a price-to-earnings ratio of 178.54 and a beta of 0.42. The company has a debt-to-equity ratio of 5.28, a current ratio of 1.75 and a quick ratio of 0.06.

About Secure Property Development & Investment

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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.

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