Severfield (LON:SFR) Trading 22.5% Higher - Here's What Happened

Severfield plc (LON:SFR - Get Free Report) rose 22.5% during trading on Friday . The stock traded as high as GBX 25.20 ($0.34) and last traded at GBX 24.50 ($0.33). Approximately 6,598,365 shares traded hands during mid-day trading, an increase of 389% from the average daily volume of 1,348,555 shares. The stock had previously closed at GBX 20 ($0.27).

Severfield Price Performance

The firm has a market capitalization of £68.62 million, a price-to-earnings ratio of 4.48 and a beta of 0.80. 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 business has a 50-day moving average price of GBX 26.33 and a two-hundred day moving average price of GBX 49.61.

Severfield Cuts Dividend

The company also recently disclosed 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 of this dividend was Thursday, January 9th. This represents a yield of 1.61%. Severfield's dividend payout ratio is presently 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.