Steppe Cement (LON:STCM) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Steppe Cement Ltd. (LON:STCMGet Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 19.75 and traded as high as GBX 21. Steppe Cement shares last traded at GBX 21, with a volume of 105,079 shares changing hands.

Steppe Cement Stock Up 1.2%

The business’s 50 day moving average is GBX 19.75 and its 200-day moving average is GBX 19.40. The company has a debt-to-equity ratio of 8.45, a quick ratio of 1.63 and a current ratio of 2.12. The firm has a market capitalization of £46.56 million, a price-to-earnings ratio of 11.43 and a beta of 0.71.

About Steppe Cement

(Get Free Report)

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.

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