Somero Enterprises (LON:SOM) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Somero Enterprises, Inc. (LON:SOM) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Somero Enterprises Price Performance

The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.00 and a current ratio of 4.48. The stock has a market capitalization of £159.30 million, a PE ratio of 903.03 and a beta of 1.01. The company’s fifty day simple moving average is GBX 281.95 and its two-hundred day simple moving average is GBX 315.37.

Somero Enterprises Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.08 per share. This represents a dividend 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

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.