Severfield (LON:SFR) Shares Down 42.5% – Time to Sell?

Severfield plc (LON:SFR) shares fell 42.5% during trading on Monday . The stock traded as low as GBX 25.20 ($0.32) and last traded at GBX 27.40 ($0.35). 13,414,916 shares traded hands during mid-day trading, an increase of 1,965% from the average session volume of 649,562 shares. The stock had previously closed at GBX 47.70 ($0.61).

Severfield Stock Performance

The stock’s 50 day moving average price is GBX 48.48 and its 200 day moving average price is GBX 66.02. 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 company has a market cap of £66.55 million, a price-to-earnings ratio of 4.34 and a beta of 0.80.

Severfield Cuts Dividend

The business also recently declared 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. This represents a yield of 1.61%. The ex-dividend date of this dividend was Thursday, January 9th. Severfield’s dividend payout ratio is currently 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.