Severfield (LON:SFR) Stock Price Up 22.5% - Here's Why

Severfield plc (LON:SFR - Get Free Report) traded 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 were traded during mid-day 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 stock has a market cap of £70.08 million, a PE ratio of 4.57 and a beta of 0.80. The business has a 50 day moving average of GBX 24.73 and a 200-day moving average of GBX 48.87. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 19.24.

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 issued 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 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.