Severfield (LON:SFR) Stock Price Down 42.5% – Should You Sell?

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

Severfield Stock Down 0.9 %

The firm has a market cap of £66.55 million, a P/E ratio of 4.34 and a beta of 0.80. The firm’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 debt-to-equity ratio of 19.24, a current ratio of 1.15 and a quick ratio of 0.99.

Severfield Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were issued a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 1.61%. The ex-dividend date was Thursday, January 9th. 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.