Somero Enterprises (LON:SOM) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Somero Enterprises, Inc. (LON:SOMGet Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 274.46 ($3.68) and traded as low as GBX 240 ($3.21). Somero Enterprises shares last traded at GBX 245.37 ($3.29), with a volume of 118,165 shares trading hands.

Somero Enterprises Trading Up 4.0%

The company’s 50 day moving average price is GBX 240.41 and its 200 day moving average price is GBX 274.29. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.63 and a quick ratio of 2.00. The firm has a market cap of £176.36 million, a PE ratio of 7.44 and a beta of 1.01.

Somero Enterprises Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, April 10th were paid a $0.13 dividend. This is a positive change from Somero Enterprises’s previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 3.85%. Somero Enterprises’s dividend payout ratio (DPR) is presently 62.99%.

Somero Enterprises Company Profile

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Somero provides industry-leading concrete-levelling equipment, training, education and support to customers in over 90 countries.

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