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

Shares of Severfield plc (LON:SFRGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 78.98 ($1.00) and traded as high as GBX 88 ($1.11). Severfield shares last traded at GBX 88 ($1.11), with a volume of 630,079 shares trading hands.

Severfield Price Performance

The company’s 50 day moving average price is GBX 82.60 and its 200-day moving average price is GBX 78.98. The stock has a market cap of £264.38 million, a P/E ratio of 1,760.00 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 19.24.

About Severfield

(Get Free Report)

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.

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