Severfield (LON:SFR) Shares Down 36.5% – Should You Sell?

Shares of Severfield plc (LON:SFR) were down 36.5% during mid-day trading on Tuesday . The company traded as low as GBX 47.50 ($0.60) and last traded at GBX 55.34 ($0.70). Approximately 2,597,362 shares changed hands during mid-day trading, an increase of 409% from the average daily volume of 510,231 shares. The stock had previously closed at GBX 87.20 ($1.11).

Severfield Stock Performance

The company has a market capitalization of £153.82 million, a P/E ratio of 1,024.00 and a beta of 0.80. The stock’s fifty day moving average price is GBX 82.07 and its 200-day moving average price is GBX 79.18. 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 disclosed a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a GBX 1.40 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 1.61%. Severfield’s dividend payout ratio is 8,000.00%.

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.