Severfield (LON:SFR) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Severfield plc (LON:SFRGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 76.66 ($0.96) and traded as low as GBX 50.40 ($0.63). Severfield shares last traded at GBX 52.20 ($0.66), with a volume of 466,468 shares traded.

Severfield Stock Up 0.4 %

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 has a market cap of £156.82 million, a price-to-earnings ratio of 1,044.00 and a beta of 0.80. The business’s 50 day moving average price is GBX 72.31 and its 200 day moving average price is GBX 76.69.

Severfield Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date is Thursday, January 9th. This represents a yield of 1.61%. Severfield’s dividend payout ratio is presently 8,000.00%.

About Severfield

(Get Free Report)

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Europe, and India. The company manufactures metal decking products; plate girder sections, rectangular and/or circular apertures, optimal section profiles, and intumescent coating products.

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