Severfield (LON:SFR) Trading Down 44.4% - Here's Why

Severfield plc (LON:SFR - Get Free Report)'s share price dropped 44.4% during mid-day trading on Monday . The company traded as low as GBX 25.20 ($0.33) and last traded at GBX 26.53 ($0.34). Approximately 14,188,858 shares changed hands during mid-day trading, an increase of 2,004% from the average daily volume of 674,410 shares. The stock had previously closed at GBX 47.70 ($0.62).

Severfield Stock Up 2.1 %

The company has a market capitalization of £70.08 million, a PE ratio of 4.57 and a beta of 0.80. 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 company's 50-day moving average is GBX 46.75 and its 200 day moving average is GBX 64.90.

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 dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.61%. Severfield's dividend payout ratio is currently 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.