Severfield (LON:SFR) Stock Price Down 36.5% – Time to Sell?

Severfield plc (LON:SFR) fell 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). 2,597,362 shares traded hands during trading, an increase of 409% from the average session volume of 510,231 shares. The stock had previously closed at GBX 87.20 ($1.11).

Severfield Stock Down 7.9 %

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

About Severfield

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.