Severfield (LON:SFR) Share Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Severfield plc (LON:SFR - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 75.77 ($0.95) and traded as low as GBX 51.40 ($0.64). Severfield shares last traded at GBX 51.40 ($0.64), with a volume of 50,647 shares traded.

Severfield Price Performance

The company has a 50-day moving average of GBX 67.62 and a 200-day moving average of GBX 75.60. 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 capitalization of £154.42 million, a price-to-earnings ratio of 1,028.00 and a beta of 0.80.

Severfield Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 1.40 ($0.02) per share. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, January 9th. Severfield's dividend payout ratio is 8,000.00%.

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.