Severfield (LON:SFR) Share Price Crosses Above Two Hundred Day Moving Average of $62.40

Severfield plc (LON:SFR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 62.40 ($0.79) and traded as high as GBX 76 ($0.96). Severfield shares last traded at GBX 76 ($0.96), with a volume of 226,252 shares trading hands.

Severfield Stock Up 1.9 %

The business has a 50 day moving average of GBX 71.94 and a 200 day moving average of GBX 62.40. The company has a debt-to-equity ratio of 20.24, a current ratio of 1.12 and a quick ratio of 0.99. The firm has a market capitalization of £234.52 million, a price-to-earnings ratio of 1,085.71 and a beta of 0.81.

Severfield Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 5th will be issued a GBX 2.30 ($0.03) dividend. This is a boost from Severfield’s previous dividend of $1.40. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 3.12%. Severfield’s dividend payout ratio (DPR) is currently 5,714.29%.

Severfield Company Profile

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Europe, and India. The company manufactures metal decking products; plate girder sections, rectangular and/or circular apertures, optimal section profiles, and intumescent coating products.