Somero Enterprises (LON:SOM) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Somero Enterprises, Inc. (LON:SOMGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 303.29 ($3.75) and traded as high as GBX 328 ($4.05). Somero Enterprises shares last traded at GBX 324 ($4.00), with a volume of 360,832 shares changing hands.

Somero Enterprises Price Performance

The company’s 50 day moving average is GBX 296.15 and its 200 day moving average is GBX 303.29. The stock has a market capitalization of £177.97 million, a price-to-earnings ratio of 981.82 and a beta of 1.01. The company has a current ratio of 4.48, a quick ratio of 2.00 and a debt-to-equity ratio of 3.81.

About Somero Enterprises

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Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment worldwide. The company offers lightweight, ride-on, boom, and stationary screeds; and materials and concrete placement equipment comprising broom + cure machine, line-pulling and -placing system, and topping spreaders.

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