Steppe Cement (LON:STCM) Stock Passes Below 200-Day Moving Average – Here’s Why

Steppe Cement Ltd. (LON:STCM) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Steppe Cement Price Performance

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 stock has a market capitalization of £39.35 million, a PE ratio of 40.59 and a beta of 0.84. The company has a 50-day moving average of GBX 14.71 and a 200 day moving average of GBX 14.80.

Steppe Cement Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given 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 payout ratio is 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.