Severfield (LON:SFR) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Severfield plc (LON:SFR)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 76.66 ($0.96) and traded as low as GBX 50.40 ($0.63). Severfield shares last traded at GBX 52.20 ($0.66), with a volume of 466,468 shares traded.

Severfield Stock Up 0.4 %

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 business’s 50-day simple moving average is GBX 72.31 and its 200-day simple moving average is GBX 76.69. The company has a market capitalization of £156.82 million, a PE ratio of 1,044.00 and a beta of 0.80.

Severfield Cuts Dividend

The firm 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. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.61%. Severfield’s dividend payout ratio (DPR) is presently 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.