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Somero Enterprises (LON:SOM) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Somero Enterprises logo with Industrials background

Shares of Somero Enterprises, Inc. (LON:SOM - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 315.37 ($4.00) and traded as low as GBX 291 ($3.69). Somero Enterprises shares last traded at GBX 298 ($3.78), with a volume of 33,781 shares trading hands.

Somero Enterprises Price Performance

The company has a debt-to-equity ratio of 3.81, a current ratio of 4.48 and a quick ratio of 2.00. The stock's fifty day simple moving average is GBX 282.28 and its 200-day simple moving average is GBX 315.17. The company has a market capitalization of £154.35 million, a P/E ratio of 856.06 and a beta of 1.01.

Somero Enterprises Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.08 per share. This represents a yield of 1.98%. The ex-dividend date was Thursday, September 19th. Somero Enterprises's dividend payout ratio (DPR) is 6,666.67%.

About Somero Enterprises

(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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