Severfield (LON:SFR) Trading Down 45.7% – Time to Sell?

Severfield plc (LON:SFR)’s share price fell 45.7% on Monday . The company traded as low as GBX 25.20 ($0.32) and last traded at GBX 25.90 ($0.33). 13,980,617 shares changed hands during trading, an increase of 1,988% from the average session volume of 669,568 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Performance

The business has a fifty day simple moving average of GBX 49.07 and a two-hundred day simple moving average of GBX 66.45. 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 company has a market cap of £75.63 million, a PE ratio of 4.93 and a beta of 0.80.

Severfield Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 7th. Stockholders 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 dividend 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.