Somero Enterprises (LON:SOM) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Somero Enterprises' shares fell below their 200-day moving average for the first time during trading on Monday, with current stock prices around GBX 232.67 ($3.14).
• The company has a market capitalization of £128.41 million and a high P/E ratio of 1,026.09, indicating potential overvaluation.
• Somero Enterprises specializes in concrete-levelling equipment and serves customers in over 90 countries, reflecting its global market presence.

Shares of Somero Enterprises, Inc. (LON:SOM - ) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 233.48 ($3.15) and traded as low as GBX 230 ($3.10). Somero Enterprises shares last traded at GBX 232.67 ($3.14), with a volume of 104,173 shares traded.

Somero Enterprises Stock Performance

The stock has a market cap of £128.41 million, a P/E ratio of 1,026.09 and a beta of 1.01. The company has a current ratio of 4.63, a quick ratio of 2.00 and a debt-to-equity ratio of 2.35. The stock has a 50 day simple moving average of GBX 225.32 and a 200 day simple moving average of GBX 233.48.

Somero Enterprises Company Profile

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

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