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

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

Severfield Trading Down 45.7 %

The company has a debt-to-equity ratio of 19.24, a current ratio of 1.15 and a quick ratio of 0.99. The business’s 50-day simple moving average is GBX 49.07 and its two-hundred day simple moving average is GBX 66.45. The stock has a market capitalization of £75.63 million, a price-to-earnings ratio of 4.93 and a beta of 0.80.

Severfield Cuts Dividend

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