Steppe Cement (LON:STCM) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Steppe Cement Ltd. (LON:STCM) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 14.90 ($0.19) and traded as high as GBX 15.90 ($0.20). Steppe Cement shares last traded at GBX 14.41 ($0.18), with a volume of 3,006 shares changing hands.

Steppe Cement Stock Down 3.9 %

The stock’s 50-day simple moving average is GBX 14.90 and its 200 day simple moving average is GBX 15.23. 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 cap of £31.56 million, a P/E ratio of 665.00 and a beta of 0.84.

Steppe Cement Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a GBX 1.50 ($0.02) dividend. This represents a yield of 10%. The ex-dividend date is 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.