Steppe Cement (LON:STCM) Shares Pass Below 200-Day Moving Average – Should You Sell?

Steppe Cement Ltd. (LON:STCM)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 20.49 and traded as low as GBX 20.03. Steppe Cement shares last traded at GBX 20.15, with a volume of 63,146 shares traded.

Steppe Cement Stock Down 0.8%

The business’s fifty day moving average price is GBX 21.35 and its 200 day moving average price is GBX 20.49. The company has a quick ratio of 1.63, a current ratio of 2.12 and a debt-to-equity ratio of 4.55. The firm has a market capitalization of £45.64 million, a PE ratio of 13.80 and a beta of 0.71.

Insider Transactions at Steppe Cement

In related news, insider Javier del Ser Perez purchased 122,000 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were purchased at an average price of GBX 22 per share, for a total transaction of £26,840. 9.42% of the stock is owned by company 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.