Severfield (LON:SFR) Trading Down 44.6% – What’s Next?

Severfield plc (LON:SFR)’s share price was down 44.6% during trading on Monday . The company traded as low as GBX 25.20 ($0.32) and last traded at GBX 26.45 ($0.34). Approximately 15,737,466 shares traded hands during mid-day trading, an increase of 2,115% from the average daily volume of 710,424 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Performance

The business has a 50 day simple moving average of GBX 48.48 and a 200 day simple moving average of GBX 66.02. 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 company has a market capitalization of £65.08 million, a PE ratio of 4.25 and a beta of 0.80.

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. This represents a yield of 1.61%. The ex-dividend date of this dividend was Thursday, January 9th. Severfield’s payout ratio is presently 76.20%.

Severfield Company Profile

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.