Severfield (LON:SFR) Stock Price Down 44.2% – Here’s Why

Severfield plc (LON:SFR)’s stock price was down 44.2% during mid-day trading on Monday . The stock traded as low as GBX 25.20 ($0.32) and last traded at GBX 26.60 ($0.34). Approximately 16,798,146 shares were traded during trading, an increase of 2,185% from the average daily volume of 735,091 shares. The stock had previously closed at GBX 47.70 ($0.60).

Severfield Stock Performance

The firm has a fifty day simple moving average of GBX 49.59 and a 200-day simple moving average of GBX 66.85. The stock has a market cap of £75.63 million, a price-to-earnings ratio of 4.93 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.

Severfield Cuts Dividend

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