Severfield (LON:SFR) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Severfield plc (LON:SFR)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 77.45 ($0.98) and traded as low as GBX 53.60 ($0.68). Severfield shares last traded at GBX 54 ($0.68), with a volume of 746,808 shares changing hands.

Severfield Price Performance

The firm has a 50-day simple moving average of GBX 74.99 and a two-hundred day simple moving average of GBX 77.32. The company has a market capitalization of £164.64 million, a price-to-earnings ratio of 1,096.00 and a beta of 0.80. 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 announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 1.61%. The ex-dividend date is Thursday, January 9th. Severfield’s dividend payout ratio (DPR) is 8,000.00%.

About Severfield

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Europe, and India. The company manufactures metal decking products; plate girder sections, rectangular and/or circular apertures, optimal section profiles, and intumescent coating products.