Severfield (LON:SFR) Shares Down 44.6% – Here’s Why

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

Severfield Trading Down 3.1 %

The stock has a market cap of £65.08 million, a PE ratio of 4.25 and a beta of 0.80. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 19.24. The firm has a fifty day simple moving average of GBX 48.48 and a two-hundred day simple moving average of GBX 66.02.

Severfield Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were given a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.61%. 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.