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

Steppe Cement Ltd. (LON:STCM) 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 trading hands.

Steppe Cement Stock Performance

The company has a current ratio of 2.15, a quick ratio of 1.63 and a debt-to-equity ratio of 13.75. The company’s 50-day simple moving average is GBX 14.80 and its 200-day simple moving average is GBX 16.38. The stock has a market capitalization of £32.09 million, a price-to-earnings ratio of 665.00 and a beta of 0.84.

Insider Buying and Selling

In other news, insider Javier del Ser Perez purchased 125,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of GBX 13 ($0.17) per share, with a total value of £16,250 ($21,098.42). 57.24% of the stock is owned by insiders.

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.