Severfield (LON:SFR) Stock Price Up 22.5% - What's Next?

Severfield plc (LON:SFR - Get Free Report)'s stock price rose 22.5% during trading on Thursday . The stock traded as high as GBX 25.20 ($0.34) and last traded at GBX 24.50 ($0.33). Approximately 6,598,365 shares were traded during trading, an increase of 389% from the average daily volume of 1,348,555 shares. The stock had previously closed at GBX 20 ($0.27).

Severfield Stock Performance

The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 19.24. The business has a 50 day moving average price of GBX 24.73 and a 200 day moving average price of GBX 48.87. The stock has a market cap of £70.08 million, a P/E ratio of 4.57 and a beta of 0.80.

Severfield Cuts Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, January 9th. This represents a 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.