Severfield (LON:SFR) Stock Crosses Above 200 Day Moving Average of $70.40

Severfield plc (LON:SFR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 70.40 ($0.92) and traded as high as GBX 81.48 ($1.07). Severfield shares last traded at GBX 80.20 ($1.05), with a volume of 480,175 shares trading hands.

Severfield Stock Performance

The stock has a market cap of £243.36 million, a P/E ratio of 1,604.00 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 company has a fifty day moving average of GBX 81.24 and a 200 day moving average of GBX 70.52.

Severfield Increases Dividend

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