Steppe Cement (LON:STCM) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Steppe Cement Ltd. (LON:STCM) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 15.38 ($0.19) and traded as low as GBX 14 ($0.18). Steppe Cement shares last traded at GBX 15.10 ($0.19), with a volume of 15,506 shares traded.

Steppe Cement Stock Performance

The stock has a market capitalization of £33.07 million, a price-to-earnings ratio of 665.00 and a beta of 0.84. The company’s fifty day simple moving average is GBX 14.89 and its 200 day simple moving average is GBX 15.38. The company has a quick ratio of 1.63, a current ratio of 2.15 and a debt-to-equity ratio of 13.75.

Steppe Cement Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 10%. The ex-dividend date is Monday, December 16th.

Steppe Cement Company Profile

Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.