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

Shares of Severfield plc (LON:SFR) fell 45.7% on Tuesday . The company traded as low as GBX 25.20 ($0.32) and last traded at GBX 25.90 ($0.33). 13,980,617 shares traded hands during mid-day trading, an increase of 1,988% from the average session volume of 669,568 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Performance

The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 19.24. The stock has a market capitalization of £70.84 million, a PE ratio of 4.62 and a beta of 0.80. The firm has a 50 day moving average price of GBX 49.07 and a 200-day moving average price of GBX 66.45.

Severfield Cuts Dividend

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