Severfield (LON:SFR) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Severfield plc (LON:SFR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 29.77 and traded as low as GBX 28.10. Severfield shares last traded at GBX 29.80, with a volume of 1,150,221 shares trading hands.

Analyst Ratings Changes

Separately, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 48 price target on shares of Severfield in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Severfield presently has an average rating of “Buy” and an average target price of GBX 48.

Severfield Price Performance

The firm has a market cap of £87.99 million, a PE ratio of -5.78 and a beta of 0.80. The company has a debt-to-equity ratio of 19.24, a current ratio of 1.15 and a quick ratio of 0.99. The business’s fifty day moving average is GBX 28.63 and its 200-day moving average is GBX 29.77.

Severfield (LON:SFR) last released its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 0.19 EPS for the quarter. Severfield had a net margin of 3.43% and a return on equity of 7.24%. On average, research analysts predict that Severfield plc will post 8.9704209 earnings per share for the current fiscal year.

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.