Springview (NASDAQ:SPHL) Stock Price Down 29.2% – What’s Next?

Springview Holdings Ltd (NASDAQ:SPHL) shares were down 29.2% during mid-day trading on Tuesday . The stock traded as low as $3.22 and last traded at $3.29. Approximately 387,746 shares changed hands during trading, a decline of 81% from the average daily volume of 2,094,396 shares. The stock had previously closed at $4.65.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Springview from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Springview Stock Down 5.6%

The firm’s 50 day moving average price is $2.73 and its two-hundred day moving average price is $3.30. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.06.

Springview (NASDAQ:SPHL) last announced its earnings results on Tuesday, April 28th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $1.57 million for the quarter.

About Springview

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.