Somero Enterprises (LON:SOM) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Somero Enterprises, Inc. (LON:SOMGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 308.19 ($3.89) and traded as high as GBX 320 ($4.04). Somero Enterprises shares last traded at GBX 320 ($4.04), with a volume of 155,007 shares changing hands.

Somero Enterprises Trading Up 1.6 %

The firm has a market cap of £175.78 million, a price-to-earnings ratio of 969.70 and a beta of 1.01. The business’s 50 day moving average price is GBX 277.72 and its 200-day moving average price is GBX 308.19. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.00 and a current ratio of 4.48.

About Somero Enterprises

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Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment worldwide. The company offers lightweight, ride-on, boom, and stationary screeds; and materials and concrete placement equipment comprising broom + cure machine, line-pulling and -placing system, and topping spreaders.

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