Severfield (LON:SFR) Shares Up 11.4% - Time to Buy?

Severfield plc (LON:SFR - Get Free Report) shot up 11.4% on Thursday . The stock traded as high as GBX 22.50 ($0.30) and last traded at GBX 22.27 ($0.30). 1,158,553 shares were traded during trading, a decline of 9% from the average session volume of 1,279,697 shares. The stock had previously closed at GBX 20 ($0.27).

Severfield Stock Performance

The stock has a market capitalization of £69.79 million, a PE ratio of 4.55 and a beta of 0.80. The business's fifty day moving average is GBX 25.78 and its two-hundred day moving average is GBX 49.22. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 19.24.

Severfield Cuts Dividend

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