Somero Enterprises (LON:SOM) Shares Cross Below 200-Day Moving Average of $424.68

Somero Enterprises, Inc. (LON:SOMGet Rating)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 424.68 ($5.13) and traded as low as GBX 400 ($4.83). Somero Enterprises shares last traded at GBX 412.50 ($4.98), with a volume of 92,789 shares changing hands.

Somero Enterprises Trading Up 3.4 %

The stock has a market cap of £230.51 million and a PE ratio of 808.82. The stock has a 50-day moving average price of GBX 425.54 and a two-hundred day moving average price of GBX 424.68. The company has a debt-to-equity ratio of 2.30, a current ratio of 3.23 and a quick ratio of 2.00.

Somero Enterprises Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 2%. Somero Enterprises’s payout ratio is 42.76%.

Somero Enterprises Company Profile

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Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment worldwide. It also offers related parts and accessories, as well as provides training services. The company's proprietary products include the CopperHead, Mini Screed C, S-485 Laser Screed, S-940 Laser Screed, S-22EZ Advanced Laser Screed, S-15R Laser Screed, S-10A Laser Screed, S-158C Laser Screed, and S-22E Laser Screed machines, as well as the 3-D Profiler System software and the Somero Floor Levelness System.

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