Severfield (LON:SFR) Stock Price Down 42.5% – Here’s What Happened

Severfield plc (LON:SFR)’s stock price traded down 42.5% on Monday . The company traded as low as GBX 25.20 ($0.32) and last traded at GBX 27.40 ($0.35). 13,414,916 shares changed hands during trading, an increase of 1,965% from the average session volume of 649,562 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Down 0.9 %

The stock’s fifty day simple moving average is GBX 48.48 and its two-hundred day simple moving average is GBX 66.02. 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 capitalization of £66.55 million, a price-to-earnings ratio of 4.34 and a beta of 0.80.

Severfield Cuts Dividend

The firm also recently announced 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 was Thursday, January 9th. This represents a yield of 1.61%. Severfield’s dividend 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.