Severfield (LON:SFR) Trading Up 10.4% - Here's Why

Shares of Severfield plc (LON:SFR - Get Free Report) rose 10.4% during mid-day trading on Saturday . The company traded as high as GBX 26.80 ($0.36) and last traded at GBX 26.50 ($0.35). Approximately 1,353,277 shares were traded during trading, an increase of 1% from the average daily volume of 1,333,363 shares. The stock had previously closed at GBX 24 ($0.32).

Severfield Price Performance

The stock has a market capitalization of £91.99 million, a price-to-earnings ratio of 6.00 and a beta of 0.80. The company's 50-day simple moving average is GBX 22.54 and its 200-day simple moving average is GBX 47.01. The company has a debt-to-equity ratio of 19.24, a current ratio of 1.15 and a quick ratio of 0.99.

Severfield Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were given a GBX 1.40 ($0.02) dividend. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 1.61%. Severfield's payout ratio is presently 76.20%.

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.