Steppe Cement (LON:STCM) Shares Cross Above 50 Day Moving Average – What’s Next?

Shares of Steppe Cement Ltd. (LON:STCM) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 14.90 ($0.19) and traded as high as GBX 15.90 ($0.20). Steppe Cement shares last traded at GBX 14.41 ($0.18), with a volume of 3,006 shares changing hands.

Steppe Cement Stock Down 3.9 %

The company has a market capitalization of £31.56 million, a PE ratio of 665.00 and a beta of 0.84. 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 50-day moving average of GBX 14.90 and a 200 day moving average of GBX 15.23.

Steppe Cement Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date is Monday, December 16th. This represents a yield of 10%.

About Steppe Cement

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.