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

Severfield plc (LON:SFR)’s share price fell 45.7% on Tuesday . The stock traded as low as GBX 25.20 ($0.32) and last traded at GBX 25.90 ($0.33). 13,980,617 shares traded hands during mid-day 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 stock has a market capitalization of £67.29 million, a P/E ratio of 4.39 and a beta of 0.80. The company has a debt-to-equity ratio of 19.24, a quick ratio of 0.99 and a current ratio of 1.15. The company’s fifty day simple moving average is GBX 47.89 and its two-hundred day simple moving average is GBX 65.72.

Severfield Cuts Dividend

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