Severfield (LON:SFR) Stock Price Down 44.2% - Here's What Happened

Severfield plc (LON:SFR - Get Free Report)'s share price dropped 44.2% during 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 changed hands during mid-day trading, an increase of 2,185% from the average daily volume of 735,091 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Up 2.1 %

The firm's 50-day moving average price is GBX 47.31 and its two-hundred day moving average price is GBX 65.42. 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 firm has a market cap of £70.08 million, a PE ratio of 4.57 and a beta of 0.80.

Severfield Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were given 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 (DPR) is presently 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.