Somero Enterprises (LON:SOM) Stock Price Passes Above 200 Day Moving Average of $402.82

Somero Enterprises, Inc. (LON:SOM – Get Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 402.82 ($4.84) and traded as high as GBX 406.25 ($4.89). Somero Enterprises shares last traded at GBX 398 ($4.79), with a volume of 88,070 shares.

Somero Enterprises Stock Performance

The firm’s 50-day moving average price is GBX 412.78 and its 200 day moving average price is GBX 402.82. The company has a debt-to-equity ratio of 2.30, a quick ratio of 2.00 and a current ratio of 3.22. The company has a market cap of £216.51 million, a price-to-earnings ratio of 796.00 and a beta of 0.77.

Somero Enterprises Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 5th. Investors of record on Thursday, April 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 6th. This represents a yield of 5.39%. This is a boost from Somero Enterprises’s previous dividend of $0.10. Somero Enterprises’s payout ratio is currently 5,400.00%.

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.