Severfield (LON:SFR) Stock Price Up 17.5% - What's Next?

Severfield plc (LON:SFR - Get Free Report) rose 17.5% during trading on Thursday . The company traded as high as GBX 23.60 ($0.32) and last traded at GBX 23.50 ($0.32). Approximately 3,738,352 shares changed hands during mid-day trading, an increase of 185% from the average daily volume of 1,312,353 shares. The stock had previously closed at GBX 20 ($0.27).

Severfield Price Performance

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 stock's 50-day moving average is GBX 25.78 and its 200 day moving average is GBX 49.22. The stock has a market capitalization of £69.79 million, a PE ratio of 4.55 and a beta of 0.80.

Severfield Cuts Dividend

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