Severfield (LON:SFR) Shares Down 45.7% - Here's Why

Severfield plc (LON:SFR - Get Free Report)'s stock price was down 45.7% during trading on Monday . The stock traded as low as GBX 25.20 ($0.33) and last traded at GBX 25.90 ($0.33). Approximately 13,980,617 shares were traded during mid-day trading, an increase of 1,988% from the average daily volume of 669,568 shares. The stock had previously closed at GBX 47.70 ($0.62).

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 cap of £70.08 million, a PE ratio of 4.57 and a beta of 0.80. The firm has a fifty day moving average of GBX 46.75 and a 200 day moving average of GBX 65.02.

Severfield Cuts Dividend

The business 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. 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.