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

Somero Enterprises, Inc. (LON:SOMGet Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Somero Enterprises Stock Up 3.4 %

The company has a 50-day simple moving average of GBX 425.54 and a 200-day simple moving average 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. The firm has a market cap of £230.51 million and a PE ratio of 808.82.

Somero Enterprises Cuts Dividend

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

About Somero Enterprises

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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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