Somero Enterprises (LON:SOM) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Somero Enterprises' stock crossed below its two hundred day moving average, reaching a low of GBX 220 ($2.94) during trading on Monday.
• The company has a market cap of £149.23 million and a P/E ratio of 6.30, indicating potential valuation concerns amidst its current trading patterns.
• Insider Thomas M. Anderson purchased 29,000 shares at an average price of GBX 254 ($3.39), reflecting insider confidence despite recent stock performance.

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 253.63 ($3.39) and traded as low as GBX 220 ($2.94). Somero Enterprises shares last traded at GBX 222 ($2.97), with a volume of 149,927 shares traded.

Somero Enterprises Stock Down 0.9%

The firm's 50 day moving average price is GBX 238.42 and its two-hundred day moving average price is GBX 253.63. The company has a market cap of £149.23 million, a P/E ratio of 6.30 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.

Insider Transactions at Somero Enterprises

In related news, insider Thomas M. Anderson purchased 29,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was purchased at an average cost of GBX 254 ($3.39) per share, with a total value of £73,660 ($98,410.15). 1.50% of the stock is currently owned by corporate insiders.

About Somero Enterprises

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

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