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

Severfield plc (LON:SFR - Get Free Report)'s stock price traded up 22.5% during 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 Performance

The company has a market capitalization of £70.08 million, a PE ratio of 4.57 and a beta of 0.80. The stock's 50-day simple moving average is GBX 24.73 and its 200 day simple moving average is GBX 48.87. The company has a debt-to-equity ratio of 19.24, a quick ratio of 0.99 and a current ratio of 1.15.

Severfield Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were paid 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 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.