Steppe Cement (LON:STCM) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Steppe Cement Ltd. (LON:STCMGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 20.37 and traded as high as GBX 22.48. Steppe Cement shares last traded at GBX 22.44, with a volume of 15,360 shares trading hands.

Steppe Cement Stock Performance

The firm has a market capitalization of £49.14 million, a price-to-earnings ratio of 14.86 and a beta of 0.71. The company has a fifty day moving average of GBX 20.90 and a two-hundred day moving average of GBX 20.38. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.63 and a current ratio of 2.12.

Insider Buying and Selling

In other Steppe Cement news, insider Javier del Ser Perez acquired 122,000 shares of the company’s stock in a transaction on Friday, July 17th. The stock was acquired at an average price of GBX 22 per share, for a total transaction of £26,840. Corporate insiders own 9.42% of the company’s stock.

Steppe Cement Company Profile

(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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