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

Shares of Severfield plc (LON:SFR) 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.

Analyst Ratings Changes

Separately, Panmure Gordon reissued a “buy” rating and set a GBX 48 price objective on shares of Severfield in a report on Tuesday, December 2nd. One 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 Trading Up 1.0%

The company has a debt-to-equity ratio of 19.24, a quick ratio of 0.99 and a current ratio of 1.15. The firm has a market capitalization of £87.99 million, a PE ratio of -5.78 and a beta of 0.80. The stock’s 50-day simple moving average is GBX 28.63 and its 200-day simple moving average is GBX 29.77.

Severfield (LON:SFR) last issued 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%. As a group, sell-side analysts expect that Severfield plc will post 8.9704209 EPS for the current fiscal year.

Severfield Company Profile

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.