Steppe Cement (LON:STCM) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Steppe Cement Ltd. (LON:STCMGet Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 16.41 ($0.21) and traded as low as GBX 14.40 ($0.19). Steppe Cement shares last traded at GBX 15 ($0.19), with a volume of 27,936 shares traded.

Steppe Cement Stock Down 5.3 %

The stock has a market capitalization of £31.10 million, a P/E ratio of 665.00 and a beta of 0.84. The firm’s fifty day moving average is GBX 14.80 and its 200-day moving average is GBX 16.41. The company has a current ratio of 2.15, a quick ratio of 1.63 and a debt-to-equity ratio of 13.75.

Insider Buying and Selling

In other Steppe Cement news, insider Javier del Ser Perez acquired 300,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of GBX 14 ($0.18) per share, for a total transaction of £42,000 ($54,531.29). 57.24% of the stock is owned by corporate insiders.

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.

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