Steppe Cement (LON:STCM) Shares Cross 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 14.80 ($0.18) and traded as low as GBX 13.50 ($0.17). Steppe Cement shares last traded at GBX 14.15 ($0.18), with a volume of 13,752 shares.

Steppe Cement Trading Up 1.1 %

The firm has a fifty day moving average of GBX 14.99 and a two-hundred day moving average of GBX 14.80. The company has a market cap of £30.99 million, a PE ratio of 665.00 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 Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 10%. The ex-dividend date of this dividend was 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.