Severfield (LON:SFR) Shares Cross Above 200 Day Moving Average – Should You Sell?

Severfield plc (LON:SFR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 31.18 and traded as high as GBX 38.30. Severfield shares last traded at GBX 38, with a volume of 244,582 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 40 target price on shares of Severfield in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 44.

Severfield Stock Up 2.1%

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 company has a market capitalization of £114.57 million, a price-to-earnings ratio of -3.23 and a beta of 0.93. The firm’s 50-day simple moving average is GBX 37.76 and its 200-day simple moving average is GBX 31.24.

Severfield (LON:SFR) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX (12.03) EPS for the quarter. Severfield had a negative net margin of 7.84% and a negative return on equity of 22.06%. The company had revenue of £454.25 million for the quarter. Sell-side analysts forecast that Severfield plc will post 8.9704209 earnings per share for the current year.

Insider Activity

In other news, insider Andrew Page purchased 5,084 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of GBX 39 per share, with a total value of £1,982.76. Also, insider Paul McNerney acquired 2,716 shares of Severfield stock in a transaction on Tuesday, July 14th. The stock was purchased at an average price of GBX 36 per share, with a total value of £977.76. Insiders have purchased 9,674 shares of company stock worth $369,138 over the last 90 days. Corporate insiders own 2.59% of the company’s stock.

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.