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Somero Enterprises (LON:SOM) Sets New 52-Week Low - What's Next?

Somero Enterprises logo with Industrials background

Somero Enterprises, Inc. (LON:SOM - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 247.09 ($3.20) and last traded at GBX 247.09 ($3.20), with a volume of 88549 shares trading hands. The stock had previously closed at GBX 258 ($3.35).

Somero Enterprises Stock Performance

The stock has a market cap of £137.87 million, a price-to-earnings ratio of 760.61 and a beta of 1.01. The firm's 50-day moving average is GBX 285.34 and its two-hundred day moving average is GBX 319.83. The company has a current ratio of 4.48, a quick ratio of 2.00 and a debt-to-equity ratio of 3.81.

Somero Enterprises Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a $0.08 dividend. This represents a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, September 19th. Somero Enterprises's dividend payout ratio (DPR) is 6,666.67%.

Somero Enterprises Company Profile

(Get Free Report)

Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment worldwide. The company offers lightweight, ride-on, boom, and stationary screeds; and materials and concrete placement equipment comprising broom + cure machine, line-pulling and -placing system, and topping spreaders.

Further Reading

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