Somero Enterprises (LON:SOM) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Somero Enterprises' shares have fallen below their 200-day moving average of GBX 246.75 ($3.35), trading at GBX 227.63 ($3.09), a 1.8% decline.
• Insider Thomas M. Anderson purchased 29,000 shares at an average cost of GBX 254 ($3.45), indicating confidence in the company's future.
• The company has a market capitalization of £149.91 million and a price-to-earnings ratio of 6.33, showcasing its financial metrics in the industry.

Somero Enterprises, Inc. (LON:SOM - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 246.75 ($3.35) and traded as low as GBX 220 ($2.98). Somero Enterprises shares last traded at GBX 227.63 ($3.09), with a volume of 82,512 shares trading hands.

Somero Enterprises Price Performance

The company has a 50 day moving average price of GBX 231.02 and a 200 day moving average price of GBX 244.98. The company has a market capitalization of £153.30 million, a price-to-earnings ratio of 6.47 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.

Insider Activity at Somero Enterprises

In other news, insider Thomas M. Anderson bought 29,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was bought at an average cost of GBX 254 ($3.44) per share, with a total value of £73,660 ($99,891.51). Company insiders own 1.50% of the company's stock.

Somero Enterprises Company Profile

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