Severfield (LON:SFR) Trading Down 44.4% – What’s Next?

Severfield plc (LON:SFR)’s share price fell 44.4% on Monday . The company traded as low as GBX 25.20 ($0.32) and last traded at GBX 26.53 ($0.34). 14,188,858 shares changed hands during mid-day trading, an increase of 2,004% from the average session volume of 674,410 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Down 0.9 %

The firm has a market cap of £66.55 million, a PE ratio of 4.34 and a beta of 0.80. The company 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 debt-to-equity ratio of 19.24, a current ratio of 1.15 and a quick ratio of 0.99.

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 paid a GBX 1.40 ($0.02) dividend. This represents a yield of 1.61%. The ex-dividend date was Thursday, January 9th. 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.