Somero Enterprises (LON:SOM) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Somero Enterprises, Inc. (LON:SOM) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 222.79 and traded as low as GBX 190. Somero Enterprises shares last traded at GBX 200, with a volume of 389,041 shares.

Somero Enterprises Price Performance

The business’s 50 day moving average is GBX 213.74 and its two-hundred day moving average is GBX 222.25. The firm has a market cap of £100.02 million, a P/E ratio of 8.04 and a beta of 0.59. The company has a quick ratio of 2.00, a current ratio of 5.06 and a debt-to-equity ratio of 3.50.

Somero Enterprises (LON:SOM) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 0.19 EPS for the quarter. Somero Enterprises had a net margin of 11.51% and a return on equity of 12.71%. As a group, analysts anticipate that Somero Enterprises, Inc. will post 26.2042389 earnings per share for the current year.

Somero Enterprises Company Profile

Somero provides industry-leading concrete-levelling equipment, training, education and support to customers in over 90 countries.