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

Somero Enterprises logo with Industrials background

Somero Enterprises, Inc. (LON:SOM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 274.46 ($3.71) and traded as low as GBX 240 ($3.25). Somero Enterprises shares last traded at GBX 245.37 ($3.32), with a volume of 118,165 shares trading hands.

Somero Enterprises Trading Down 3.6%

The stock's 50 day simple moving average is GBX 239.46 and its 200 day simple moving average is GBX 273.71. The firm has a market cap of £163.48 million, a PE ratio of 6.90 and a beta of 1.01. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.00 and a current ratio of 4.63.

Somero Enterprises Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 9th. Shareholders of record on Thursday, April 10th were given a dividend of $0.13 per share. This is an increase from Somero Enterprises's previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 3.85%. Somero Enterprises's dividend payout ratio (DPR) is presently 62.99%.

Insider Transactions at Somero Enterprises

In other Somero Enterprises news, insider Thomas M. Anderson purchased 29,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was acquired at an average cost of GBX 254 ($3.44) per share, with a total value of £73,660 ($99,675.24). Company insiders own 1.50% of the company's stock.

Somero Enterprises Company Profile

(Get Free Report)

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

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