Severfield (LON:SFR) Trading Down 45.7% - Here's What Happened

Severfield plc (LON:SFR - Get Free Report) shares dropped 45.7% during trading on Monday . The stock traded as low as GBX 25.20 ($0.32) and last traded at GBX 25.90 ($0.33). Approximately 10,882,092 shares changed hands during trading, an increase of 1,721% from the average daily volume of 597,509 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Up 2.1 %

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 stock has a market capitalization of £70.08 million, a P/E ratio of 4.57 and a beta of 0.80. The company has a fifty day moving average price of GBX 47.31 and a 200-day moving average price of GBX 65.42.

Severfield Cuts Dividend

The company also recently disclosed 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 of this dividend was Thursday, January 9th. Severfield's payout ratio is 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.