Secure Property Development & Investment (LON:SPDI) Stock Price Down 9.1% – Here’s What Happened

Secure Property Development & Investment Plc (LON:SPDI)’s share price was down 9.1% on Tuesday . The stock traded as low as GBX 5 ($0.07) and last traded at GBX 5 ($0.07). Approximately 7,500 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 102,563 shares. The stock had previously closed at GBX 5.50 ($0.07).

Secure Property Development & Investment Stock Performance

The company has a debt-to-equity ratio of 5.28, a current ratio of 1.75 and a quick ratio of 0.06. The firm has a 50 day simple moving average of GBX 4.23 and a 200-day simple moving average of GBX 3.92. The company has a market cap of £7.75 million, a price-to-earnings ratio of 1.06 and a beta of 0.42.

Insider Transactions at Secure Property Development & Investment

In related news, insider Lambros Georgiou Anagnostopoulos purchased 1,447,159 shares of Secure Property Development & Investment stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of GBX 3 ($0.04) per share, with a total value of £43,414.77 ($58,002.36). Company insiders own 62.82% of the company’s stock.

About Secure Property Development & Investment

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.