Springview (NASDAQ:SPHL) Shares Up 12.4% – Here’s Why

Shares of Springview Holdings Ltd (NASDAQ:SPHL) shot up 12.4% on Friday . The company traded as high as $5.50 and last traded at $4.90. 209,871 shares were traded during trading, a decline of 97% from the average session volume of 6,343,884 shares. The stock had previously closed at $4.36.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Springview in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Springview Price Performance

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

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