Somero Enterprises (LON:SOM) Stock Passes Below 200-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 - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 253.63 ($3.35) and traded as low as GBX 220 ($2.91). Somero Enterprises shares last traded at GBX 222 ($2.93), with a volume of 149,927 shares traded.

Somero Enterprises Stock Performance

The stock has a market cap of £142.45 million, a PE ratio of 6.01 and a beta of 1.01. The company has a quick ratio of 2.00, a current ratio of 4.63 and a debt-to-equity ratio of 2.35. The firm has a 50 day moving average price of GBX 236.14 and a 200 day moving average price of GBX 252.30.

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 price of GBX 254 ($3.36) per share, with a total value of £73,660 ($97,305.15). 1.50% of the stock is owned by company insiders.

Somero Enterprises Company Profile

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