Severfield (LON:SFR) Shares Up 23% – Here’s What Happened

Shares of Severfield plc (LON:SFR) were up 23% during mid-day trading on Thursday . The company traded as high as GBX 25.20 ($0.34) and last traded at GBX 24.60 ($0.33). Approximately 6,509,670 shares traded hands during trading, an increase of 383% from the average daily volume of 1,347,433 shares. The stock had previously closed at GBX 20 ($0.27).

Severfield Stock Down 6.9 %

The company has a market cap of £66.58 million, a P/E ratio of 4.34 and a beta of 0.80. The company has a 50-day simple moving average of GBX 26.33 and a 200 day simple moving average of GBX 50.02. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 19.24.

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 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.