Steppe Cement (LON:STCM) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Steppe Cement Ltd. (LON:STCM)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 20.37 and traded as high as GBX 22.48. Steppe Cement shares last traded at GBX 22.44, with a volume of 15,360 shares trading hands.

Steppe Cement Stock Performance

The company has a market capitalization of £47.11 million, a price-to-earnings ratio of 14.25 and a beta of 0.71. The company has a debt-to-equity ratio of 4.55, a current ratio of 2.12 and a quick ratio of 1.63. The stock has a 50 day simple moving average of GBX 20.85 and a two-hundred day simple moving average of GBX 20.37.

Insider Buying and Selling at Steppe Cement

In other Steppe Cement news, insider Javier del Ser Perez bought 122,000 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was purchased at an average price of GBX 22 per share, for a total transaction of £26,840. Company insiders own 9.42% of the company’s stock.

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.