Severfield (LON:SFR) Trading Up 22.5% - Time to Buy?

Severfield plc (LON:SFR - Get Free Report)'s stock price shot up 22.5% during mid-day trading on Friday . 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 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 moving average price of GBX 25.26 and a 200 day moving average price of GBX 49.04. The company has a market cap of £70.08 million, a price-to-earnings ratio of 4.57 and a beta of 0.80.

Severfield Cuts Dividend

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