Somero Enterprises (LON:SOM) Shares Cross Below 200 Day Moving Average – Here’s Why

Somero Enterprises, Inc. (LON:SOM)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 223.96 and traded as low as GBX 203. Somero Enterprises shares last traded at GBX 204.47, with a volume of 66,727 shares traded.

Somero Enterprises Stock Down 0.3%

The stock has a market cap of £110.54 million, a PE ratio of 8.89 and a beta of 0.59. The business has a fifty day moving average of GBX 216.90 and a 200-day moving average of GBX 223.96. The company has a debt-to-equity ratio of 3.50, a current ratio of 5.06 and a quick ratio of 2.00.

Somero Enterprises (LON:SOM) last issued its earnings results on Tuesday, March 10th. The company reported GBX 0.19 earnings per share for the quarter. Somero Enterprises had a return on equity of 12.71% and a net margin of 11.51%. Equities research analysts anticipate that Somero Enterprises, Inc. will post 26.2042389 earnings per share for the current year.

Somero Enterprises Company Profile

Somero provides industry-leading concrete-levelling equipment, training, education and support to customers in over 90 countries.