Steppe Cement (LON:STCM) Share Price Passes Above 50-Day Moving Average – Here’s Why

Steppe Cement Ltd. (LON:STCMGet Free Report)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 14.92 ($0.19) and traded as high as GBX 15.73 ($0.20). Steppe Cement shares last traded at GBX 15.70 ($0.20), with a volume of 13,320 shares trading hands.

Steppe Cement Trading Up 1.0 %

The company has a market cap of £34.27 million, a PE ratio of 665.00 and a beta of 0.84. The stock’s 50 day moving average is GBX 14.92 and its 200-day moving average is GBX 15.05. The company has a quick ratio of 1.63, a current ratio of 2.15 and a debt-to-equity ratio of 13.75.

Steppe Cement Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders 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 was Monday, December 16th.

About Steppe Cement

(Get Free Report)

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.

Further Reading

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