Severfield (LON:SFR) Stock Price Up 22.5% – Time to Buy?

Severfield plc (LON:SFR)’s stock price was up 22.5% during mid-day trading on Friday . The stock traded as high as GBX 25.20 ($0.34) and last traded at GBX 24.50 ($0.33). Approximately 6,598,365 shares were traded during trading, an increase of 389% from the average daily volume of 1,348,555 shares. The stock had previously closed at GBX 20 ($0.27).

Severfield Stock Down 6.9 %

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 company has a market capitalization of £66.58 million, a P/E ratio of 4.34 and a beta of 0.80. The stock has a 50 day moving average price of GBX 26.33 and a 200 day moving average price of GBX 49.82.

Severfield Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were given a GBX 1.40 ($0.02) dividend. The ex-dividend date was Thursday, January 9th. This represents a yield of 1.61%. Severfield’s dividend payout ratio is presently 76.20%.

About Severfield

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.