Steppe Cement (LON:STCM) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Steppe Cement Ltd. (LON:STCM) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 14.80 ($0.19) and traded as low as GBX 14.45 ($0.18). Steppe Cement shares last traded at GBX 14.52 ($0.18), with a volume of 84,444 shares trading hands.

Steppe Cement Trading Down 7.5 %

The business’s 50 day moving average is GBX 14.76 and its two-hundred day moving average is GBX 14.80. The company has a quick ratio of 1.63, a current ratio of 2.15 and a debt-to-equity ratio of 13.75. The firm has a market capitalization of £39.80 million, a P/E ratio of 41.06 and a beta of 0.84.

Steppe Cement Announces Dividend

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

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.