Somero Enterprises (LON:SOM) Shares Pass Below Two Hundred Day Moving Average of $272.29

Somero Enterprises, Inc. (LON:SOM)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $272.29 and traded as low as $191.55. Somero Enterprises shares last traded at $191.90, with a volume of 19,682 shares trading hands.

Separately, FinnCap reduced their price target on shares of Somero Enterprises from GBX 420 ($5.49) to GBX 380 ($4.97) and set a “corporate” rating on the stock in a research report on Wednesday, September 4th.

The stock has a market capitalization of $108.75 million and a price-to-earnings ratio of 5.83. The company has a quick ratio of 2.25, a current ratio of 3.44 and a debt-to-equity ratio of 3.51. The stock’s 50-day simple moving average is GBX 195.31 and its 200 day simple moving average is GBX 270.56.

The business also recently announced a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 26th were paid a $0.06 dividend. This represents a dividend yield of 2.12%. The ex-dividend date was Thursday, September 26th. Somero Enterprises’s dividend payout ratio is presently 0.45%.

About Somero Enterprises (LON:SOM)

Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment. 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-840 Laser Screed, S-15R Laser Screed, S-22E Laser Screed, S-22EZ Advanced Laser Screed, S-485 Laser Screed, S-940 Laser Screed, S-10A Laser Screed, and the S-158 Laser Screed machines; and STS-11M Spreader, as well as the 3-D Profiler System software, the Somero Floor Levelness System, and the SP-16 Concrete Hose Line-Pulling and Placing System.

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