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Severfield (LON:SFR) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

Severfield logo with Industrials background

Shares of Severfield plc (LON:SFR - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 43.60 ($0.59) and traded as low as GBX 31.10 ($0.42). Severfield shares last traded at GBX 31.80 ($0.43), with a volume of 516,831 shares.

Severfield Stock Down 5.4%

The business's 50 day simple moving average is GBX 24.29 and its 200-day simple moving average is GBX 42.02. The company has a debt-to-equity ratio of 19.24, a quick ratio of 0.99 and a current ratio of 1.15. The company has a market cap of £86.15 million, a price-to-earnings ratio of 5.62 and a beta of 0.80.

Severfield Company Profile

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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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