Steppe Cement (LON:STCM) Stock Price Crosses Below 200-Day Moving Average of $21.01

Shares of Steppe Cement Ltd. (LON:STCMGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 21.01 ($0.27) and traded as low as GBX 17.63 ($0.23). Steppe Cement shares last traded at GBX 19 ($0.24), with a volume of 98,667 shares traded.

Steppe Cement Price Performance

The firm’s 50-day moving average is GBX 18.63 and its two-hundred day moving average is GBX 20.99. The stock has a market cap of £40.52 million, a P/E ratio of 606.00 and a beta of 0.57. The company has a debt-to-equity ratio of 11.01, a quick ratio of 1.63 and a current ratio of 2.60.

Steppe Cement Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, May 27th were given a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 8.57%. The ex-dividend date was Monday, May 27th. Steppe Cement’s payout ratio is 16,666.67%.

Insider Buying and Selling at Steppe Cement

In other Steppe Cement news, insider Javier del Ser Perez bought 75,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was bought at an average price of GBX 18 ($0.23) per share, for a total transaction of £13,500 ($17,296.60). Corporate insiders own 56.73% of the company’s stock.

About Steppe Cement

(Get Free Report)

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.

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