Severfield (LON:SFR) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Severfield plc (LON:SFR)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 30.11 and traded as high as GBX 38. Severfield shares last traded at GBX 37.70, with a volume of 352,583 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 40 price objective on shares of Severfield in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 44.

Severfield Stock Down 0.8%

The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.98 and a current ratio of 1.05. The firm’s 50 day moving average price is GBX 35.24 and its two-hundred day moving average price is GBX 30.11. The company has a market cap of £111.32 million, a P/E ratio of -3.13 and a beta of 0.93.

Severfield (LON:SFR) last issued its earnings results on Wednesday, June 24th. The company reported GBX (12.03) earnings per share (EPS) for the quarter. Severfield had a negative return on equity of 22.06% and a negative net margin of 7.84%.The company had revenue of £454.25 million for the quarter. Equities research analysts anticipate that Severfield plc will post 8.9704209 EPS for the current fiscal year.

Insider Activity at Severfield

In other news, insider Paul McNerney bought 2,716 shares of Severfield stock in a transaction dated Tuesday, July 14th. The stock was bought at an average cost of GBX 36 per share, for a total transaction of £977.76. 2.59% of the stock is currently owned by corporate insiders.

Severfield Company Profile

Severfield is the largest specialist structural steelwork group in the UK, with a growing presence in India and Europe and a reputation for performance and innovation.

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.