Severfield (LON:SFR) Trading Up 22.5% – Here’s What Happened

Severfield plc (LON:SFR) rose 22.5% during mid-day trading on Friday . The stock traded as high as GBX 25.20 ($0.34) and last traded at GBX 24.50 ($0.33). Approximately 6,598,365 shares were traded during trading, an increase of 389% from the average daily volume of 1,348,555 shares. The stock had previously closed at GBX 20 ($0.27).

Severfield Trading Down 2.0 %

The firm’s 50 day simple moving average is GBX 26.90 and its two-hundred day simple moving average is GBX 50.41. The stock has a market capitalization of £70.08 million, a P/E ratio of 4.57 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 19.24.

Severfield Cuts Dividend

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