Severfield (LON:SFR) Shares Down 6.9% - Here's Why

Key Points

• Severfield plc shares dropped 6.9% during trading on Friday, falling to GBX 32.30 ($0.44) from a previous close of GBX 34.70 ($0.47).
• The company reported GBX 4.30 ($0.06) earnings per share for the last quarter, with a net margin of 3.43% and a return on equity of 7.24%.
• Severfield has a market capitalization of £95.49 million and a P/E ratio of 6.23, indicating a relatively low valuation compared to its earnings.

Shares of Severfield plc (LON:SFR - Get Free Report) fell 6.9% during trading on Friday . The company traded as low as GBX 30.30 ($0.41) and last traded at GBX 32.30 ($0.44). 1,858,354 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 1,196,290 shares. The stock had previously closed at GBX 34.70 ($0.47).

Severfield Price Performance

The business's 50-day moving average price is GBX 35.17 and its 200 day moving average price is GBX 34.39. 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 company has a market capitalization of £95.49 million, a P/E ratio of 6.23 and a beta of 0.80.

Severfield (LON:SFR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported GBX 4.30 ($0.06) earnings per share for the quarter. Severfield had a net margin of 3.43% and a return on equity of 7.24%. Analysts anticipate that Severfield plc will post 8.9704209 EPS for the current fiscal year.

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.

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