Severfield (LON:SFR) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Severfield plc's share price has dropped below its 200-day moving average, trading as low as GBX 27.40 ($0.37) before closing at GBX 30.70 ($0.41).
• The company reported a debt-to-equity ratio of 19.24 and a price-to-earnings ratio of 5.96, indicating strong financial health and valuation.
• Severfield is projected to post earnings per share of approximately 8.97 for the current fiscal year, based on analyst estimates.

Severfield plc (LON:SFR - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 32.81 ($0.44) and traded as low as GBX 27.40 ($0.37). Severfield shares last traded at GBX 30.70 ($0.42), with a volume of 704,758 shares.

Severfield Price Performance

The company has a debt-to-equity ratio of 19.24, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a 50-day simple moving average of GBX 34.94 and a 200 day simple moving average of GBX 32.68. The firm has a market cap of £100.16 million, a PE ratio of 6.53 and a beta of 0.80.

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

Severfield Company Profile

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.