Severfield (LON:SFR) Shares Down 45.7% – Should You Sell?

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

Severfield Stock Performance

The business’s 50-day simple moving average is GBX 49.07 and its two-hundred day simple moving average is GBX 66.45. 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 market cap of £73.56 million, a price-to-earnings ratio of 4.80 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 of this dividend was Thursday, January 9th. This represents a dividend yield of 1.61%. 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.