Steppe Cement (LON:STCM) Stock Price Passes Below 200 Day Moving Average of $20.43

Steppe Cement Ltd. (LON:STCM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 20.43 ($0.26) and traded as low as GBX 16.25 ($0.21). Steppe Cement shares last traded at GBX 17 ($0.22), with a volume of 63,849 shares trading hands.

Steppe Cement Price Performance

The stock has a market capitalization of £37.23 million, a P/E ratio of 566.67 and a beta of 0.57. The company has a debt-to-equity ratio of 11.01, a current ratio of 2.60 and a quick ratio of 1.63. The company’s 50 day simple moving average is GBX 18.34 and its two-hundred day simple moving average is GBX 20.43.

Steppe Cement Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, May 27th were paid a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 8.57%. The ex-dividend date was Monday, May 27th. Steppe Cement’s dividend payout ratio is 16,666.67%.

Insiders Place Their Bets

In related news, insider Javier del Ser Perez bought 75,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were purchased at an average price of GBX 18 ($0.23) per share, for a total transaction of £13,500 ($17,125.46). Corporate insiders own 56.73% of the company’s stock.

About Steppe Cement

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.