Steppe Cement (LON:STCM) Shares Down 6.3% – Should You Sell?

Steppe Cement Ltd. (LON:STCM) was down 6.3% during trading on Wednesday . The company traded as low as GBX 15 ($0.19) and last traded at GBX 15 ($0.19). Approximately 187,692 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 106,714 shares. The stock had previously closed at GBX 16 ($0.20).

Steppe Cement Stock Performance

The company has a market capitalization of £35.04 million, a price-to-earnings ratio of 665.00 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. The firm has a 50-day simple moving average of GBX 14.64 and a two-hundred day simple moving average of GBX 15.47.

Steppe Cement Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a GBX 1.50 ($0.02) dividend. This represents a yield of 10%. The ex-dividend date of this dividend is Monday, December 16th.

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.