Severfield (LON:SFR) Trading Down 44.6% – Here’s What Happened

Severfield plc (LON:SFR)’s stock price dropped 44.6% on Monday . The stock traded as low as GBX 25.20 ($0.32) and last traded at GBX 26.45 ($0.33). Approximately 15,737,466 shares were traded during mid-day trading, an increase of 2,115% from the average daily volume of 710,424 shares. The stock had previously closed at GBX 47.70 ($0.60).

Severfield Trading Down 44.6 %

The company’s fifty day moving average is GBX 49.59 and its two-hundred day moving average is GBX 66.85. The stock has a market cap of £77.24 million, a price-to-earnings ratio of 5.04 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 company also recently announced a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were paid a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 1.61%. 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.