Severfield (LON:SFR) Shares Down 45.7% – Here’s What Happened

Severfield plc (LON:SFR) shares dropped 45.7% during trading on Monday . The stock traded as low as GBX 25.20 ($0.32) and last traded at GBX 25.90 ($0.33). Approximately 13,980,617 shares changed hands during trading, an increase of 1,988% from the average daily volume of 669,568 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Trading Down 45.7 %

The company has a 50 day simple moving average of GBX 49.59 and a 200 day simple moving average of GBX 66.85. 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 stock has a market capitalization of £75.63 million, a PE ratio of 4.93 and a beta of 0.80.

Severfield Cuts Dividend

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