Steppe Cement (LON:STCM) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Steppe Cement Ltd. (LON:STCM)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 14.70 ($0.19) and traded as low as GBX 13.74 ($0.18). Steppe Cement shares last traded at GBX 13.74 ($0.18), with a volume of 750 shares trading hands.

Steppe Cement Stock Performance

The firm’s fifty day moving average price is GBX 14.46 and its two-hundred day moving average price is GBX 14.70. The stock has a market capitalization of £37.66 million, a PE ratio of 38.85 and a beta of 0.84. The company has a current ratio of 2.15, a quick ratio of 1.63 and a debt-to-equity ratio of 13.75.

Steppe Cement Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a GBX 1.50 ($0.02) dividend. The ex-dividend date was Monday, December 16th. This represents a yield of 10%. Steppe Cement’s dividend payout ratio is currently 565.49%.

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.