Severfield (LON:SFR) Shares Up 22.5% - Still a Buy?

Severfield plc (LON:SFR - Get Free Report) shot up 22.5% on Thursday . The company traded as high as GBX 25.20 ($0.34) and last traded at GBX 24.50 ($0.33). 6,598,365 shares traded hands during trading, an increase of 389% from the average session volume of 1,348,555 shares. The stock had previously closed at GBX 20 ($0.27).

Severfield Stock Up 0.4 %

The company has a market cap of £70.08 million, a P/E ratio of 4.57 and a beta of 0.80. 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 has a 50-day moving average of GBX 24.73 and a two-hundred day moving average of GBX 48.87.

Severfield Cuts Dividend

The firm 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 yield of 1.61%. The ex-dividend date was Thursday, January 9th. Severfield's payout ratio is presently 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.