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

Severfield plc (LON:SFR) shares 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 changing hands.

Severfield Trading Up 0.4 %

The company’s fifty day moving average price is GBX 72.31 and its two-hundred day moving average price is GBX 76.66. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 19.24. The firm has a market cap of £156.82 million, a PE ratio of 1,044.00 and a beta of 0.80.

Severfield Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be given a GBX 1.40 ($0.02) dividend. This represents a yield of 1.61%. The ex-dividend date of this dividend is Thursday, January 9th. Severfield’s dividend payout ratio (DPR) is presently 8,000.00%.

Severfield Company Profile

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.