Severfield (LON:SFR) Shares Down 45.7% – Here’s What Happened

Severfield plc (LON:SFR) shares were down 45.7% on Monday . The company traded as low as GBX 25.20 ($0.32) and last traded at GBX 25.90 ($0.33). Approximately 13,980,617 shares changed hands during trading, an increase of 1,988% from the average daily volume of 669,568 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Performance

The company has a market cap of £75.63 million, a PE ratio of 4.93 and a beta of 0.80. The company has a debt-to-equity ratio of 19.24, a quick ratio of 0.99 and a current ratio of 1.15. The firm’s 50 day moving average is GBX 49.07 and its 200-day moving average is GBX 66.45.

Severfield Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were issued a GBX 1.40 ($0.02) dividend. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 1.61%. Severfield’s dividend payout ratio is presently 76.20%.

About Severfield

Operating on an international scale, Severfield is widely recognised for its iconic structures, engineering excellence and unparalleled customer service.

We have the design, experience and engineering skills to serve a diverse range of market sectors, from education and hospitals to bridges and commercial offices.

We approach every project, from the highly technical to basic structural work, with the same level of safety, professionalism, commitment, care and customer service.
Our people make Severfield the success story it is today.