Shares of Somero Enterprises, Inc. (LON:SOM) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $250.79 and traded as low as $216.33. Somero Enterprises shares last traded at $226.00, with a volume of 107,577 shares trading hands.
Separately, FinnCap lowered their target price on Somero Enterprises from GBX 420 ($5.52) to GBX 380 ($5.00) and set a “corporate” rating on the stock in a research note on Wednesday, September 4th.
The firm has a 50 day simple moving average of GBX 199.23 and a two-hundred day simple moving average of GBX 248.68. The company has a market capitalization of $128.22 million and a PE ratio of 6.89. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 3.51.
Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment. It also offers related parts and accessories, as well as provides training services. The company's proprietary products include the CopperHead, Mini Screed C, S-840 Laser Screed, S-15R Laser Screed, S-22E Laser Screed, S-22EZ Advanced Laser Screed, S-485 Laser Screed, S-940 Laser Screed, S-10A Laser Screed, and the S-158 Laser Screed machines; and STS-11M Spreader, as well as the 3-D Profiler System software, the Somero Floor Levelness System, and the SP-16 Concrete Hose Line-Pulling and Placing System.
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