Somero Enterprises (LON:SOM) Reaches New 12-Month Low – Here’s Why

Somero Enterprises, Inc. (LON:SOMGet Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 247.09 ($3.20) and last traded at GBX 247.09 ($3.20), with a volume of 88549 shares traded. The stock had previously closed at GBX 258 ($3.35).

Somero Enterprises Stock Performance

The stock has a market capitalization of £148.31 million, a P/E ratio of 818.18 and a beta of 1.01. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.00 and a current ratio of 4.48. The business has a 50-day moving average price of GBX 284.31 and a 200 day moving average price of GBX 319.48.

Somero Enterprises Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 1.98%. Somero Enterprises’s dividend payout ratio (DPR) is presently 6,666.67%.

Somero Enterprises Company Profile

(Get Free Report)

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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