Severfield (LON:SFR) Shares Down 44.6% - Here's What Happened

Severfield plc (LON:SFR - Get Free Report) dropped 44.6% during trading on Monday . The company traded as low as GBX 25.20 ($0.33) and last traded at GBX 26.45 ($0.34). Approximately 15,737,466 shares traded hands during mid-day trading, an increase of 2,115% from the average daily volume of 710,424 shares. The stock had previously closed at GBX 47.70 ($0.62).

Severfield Stock Performance

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 firm has a 50-day moving average of GBX 46.75 and a 200 day moving average of GBX 64.78. The stock has a market capitalization of £70.08 million, a P/E ratio of 4.57 and a beta of 0.80.

Severfield Cuts Dividend

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