Severfield (LON:SFR) Trading Down 44.6% - Here's What Happened

Severfield plc (LON:SFR - Get Free Report)'s share price traded down 44.6% during mid-day trading on Monday . The stock traded as low as GBX 25.20 ($0.32) and last traded at GBX 26.45 ($0.34). 15,737,466 shares were traded during trading, an increase of 2,115% from the average session volume of 710,424 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 19.24. The firm's fifty day moving average price is GBX 47.89 and its 200 day moving average price is GBX 65.72. The stock has a market cap of £68.62 million, a PE ratio of 4.48 and a beta of 0.80.

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 paid a GBX 1.40 ($0.02) dividend. This represents a yield of 1.61%. The ex-dividend date was Thursday, January 9th. Severfield's 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.