Steppe Cement (LON:STCM) Shares Down 2.4% – Time to Sell?

Steppe Cement Ltd. (LON:STCM)’s share price fell 2.4% during mid-day trading on Monday . The stock traded as low as GBX 14.05 ($0.18) and last traded at GBX 14.05 ($0.18). 191,525 shares were traded during trading, an increase of 193% from the average session volume of 65,286 shares. The stock had previously closed at GBX 14.40 ($0.18).

Steppe Cement Stock Performance

The stock has a market capitalization of £40.28 million, a P/E ratio of 41.55 and a beta of 0.84. The stock’s 50-day simple moving average is GBX 14.61 and its 200 day simple moving average is GBX 14.78. The company has a debt-to-equity ratio of 13.75, a current ratio of 2.15 and a quick ratio of 1.63.

Steppe Cement Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 10%. The ex-dividend date of this dividend was Monday, December 16th. Steppe Cement’s payout ratio is 565.49%.

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.