Steppe Cement (LON:STCM) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Steppe Cement Ltd. (LON:STCM) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 15.38 ($0.19) and traded as low as GBX 14 ($0.18). Steppe Cement shares last traded at GBX 15.10 ($0.19), with a volume of 15,506 shares.

Steppe Cement Price Performance

The business’s 50 day simple moving average is GBX 14.89 and its 200-day simple moving average is GBX 15.38. The stock has a market capitalization of £33.07 million, a price-to-earnings ratio of 665.00 and a beta of 0.84. The company has a quick ratio of 1.63, a current ratio of 2.15 and a debt-to-equity ratio of 13.75.

Steppe Cement Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date is Monday, December 16th. This represents a yield of 10%.

About Steppe Cement

Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.