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

Severfield logo with Industrials background

Shares of Severfield plc (LON:SFR - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 78.98 ($1.00) and traded as high as GBX 88 ($1.11). Severfield shares last traded at GBX 88 ($1.11), with a volume of 630,079 shares.

Severfield Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 19.24. The company has a 50 day moving average of GBX 82.75 and a 200-day moving average of GBX 79.04. The firm has a market capitalization of £261.37 million, a P/E ratio of 1,746.78 and a beta of 0.80.

About Severfield

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Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Europe, and India. The company manufactures metal decking products; plate girder sections, rectangular and/or circular apertures, optimal section profiles, and intumescent coating products.

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