Severfield (LON:SFR) Share Price Passes Below 200 Day Moving Average – Here’s Why

Severfield plc (LON:SFR) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 28.91 and traded as low as GBX 23.90. Severfield shares last traded at GBX 25.70, with a volume of 2,309,076 shares changing hands.

Severfield Price Performance

The stock has a 50-day moving average price of GBX 28.43 and a two-hundred day moving average price of GBX 28.91. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 41.67. The stock has a market cap of £75.89 million, a price-to-earnings ratio of -4.98 and a beta of 0.82.

Severfield Company Profile

Severfield is the largest specialist structural steelwork group in the UK, with a growing presence in India and Europe and a reputation for performance and innovation.

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.