Severfield (LON:SFR) Stock Crosses Below 200 Day Moving Average of $68.83

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 $68.83 and traded as low as $70.40. Severfield shares last traded at $71.10, with a volume of 37,565 shares trading hands.

A number of research analysts have issued reports on SFR shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 98 ($1.28) price objective on shares of Severfield in a research note on Wednesday, June 19th. Peel Hunt restated a “buy” rating on shares of Severfield in a research note on Monday, September 23rd.

The company has a current ratio of 1.57, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of GBX 65.45 and a 200 day moving average price of GBX 68.83. The stock has a market cap of $217.49 million and a PE ratio of 10.77.

In other news, insider Derek Randall sold 29,121 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of GBX 65 ($0.85), for a total transaction of £18,928.65 ($24,733.63).

About Severfield (LON:SFR)

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, Mainland Europe, and internationally. It manufactures metal decking products; composite metal flooring products; and steel and plated beams, steel sections, steelwork products, and intumescent coatings.

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