Severfield (LON:SFR) Share Price Passes Above 200-Day Moving Average of $59.18

Severfield plc (LON:SFR)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 59.18 ($0.74) and traded as high as GBX 69.57 ($0.87). Severfield shares last traded at GBX 67.60 ($0.85), with a volume of 186,072 shares.

Severfield Stock Performance

The business’s fifty day moving average price is GBX 56.39 and its two-hundred day moving average price is GBX 59.18. The company has a debt-to-equity ratio of 20.24, a quick ratio of 0.99 and a current ratio of 1.12. The stock has a market capitalization of £209.25 million, a P/E ratio of 965.71 and a beta of 0.86.

Severfield Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 2nd. Investors of record on Thursday, January 4th were paid a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date was Thursday, January 4th. This represents a dividend yield of 2.15%. Severfield’s dividend payout ratio is presently 5,714.29%.

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.