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Somero Enterprises (LON:SOM) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Somero Enterprises logo with Industrials background

Somero Enterprises, Inc. (LON:SOM - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 262.77 ($3.57) and traded as low as GBX 230 ($3.12). Somero Enterprises shares last traded at GBX 230 ($3.12), with a volume of 21,896 shares changing hands.

Somero Enterprises Price Performance

The company has a market cap of £149.23 million, a PE ratio of 6.30 and a beta of 1.01. The business's 50 day moving average price is GBX 239.95 and its 200-day moving average price is GBX 262.77. The company has a quick ratio of 2.00, a current ratio of 4.63 and a debt-to-equity ratio of 2.35.

Insider Activity

In other news, insider Thomas M. Anderson acquired 29,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were bought at an average price of GBX 254 ($3.45) per share, for a total transaction of £73,660 ($100,067.93). 1.50% of the stock is owned by corporate insiders.

About Somero Enterprises

(Get Free Report)

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

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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