Steppe Cement (LON:STCM) Stock Price Down 2.4% – Here’s Why

Steppe Cement Ltd. (LON:STCM)’s stock price dropped 2.4% during mid-day trading on Monday . The stock traded as low as GBX 14.05 ($0.18) and last traded at GBX 14.05 ($0.18). Approximately 191,525 shares changed hands during trading, an increase of 193% from the average daily volume of 65,286 shares. The stock had previously closed at GBX 14.40 ($0.18).

Steppe Cement Stock Down 2.2 %

The company has a 50-day moving average of GBX 14.66 and a 200-day moving average of GBX 14.80. The company has a market capitalization of £38.59 million, a price-to-earnings ratio of 39.81 and a beta of 0.84. The company has a current ratio of 2.15, a quick ratio of 1.63 and a debt-to-equity ratio of 13.75.

Steppe Cement Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date was Monday, December 16th. This represents a yield of 10%. Steppe Cement’s payout ratio is presently 565.49%.

About Steppe Cement

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.