Severfield (LON:SFR) Stock Price Down 44% - Here's What Happened

Severfield plc (LON:SFR - Get Free Report) shares were down 44% on Monday . The stock traded as low as GBX 25.20 ($0.32) and last traded at GBX 26.70 ($0.34). Approximately 16,085,784 shares changed hands during trading, an increase of 2,139% from the average daily volume of 718,525 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Price Performance

The firm has a 50-day simple moving average of GBX 47.89 and a two-hundred day simple moving average of GBX 65.72. The company 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.

Severfield Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were issued a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 1.61%. The ex-dividend date was Thursday, January 9th. Severfield's dividend payout ratio (DPR) 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.