Somero Enterprises (SOM) Shares Down 10.8%
Somero Enterprises, Inc. (LON:SOM) shares dropped 10.8% during trading on Thursday . The company traded as low as GBX 290 ($3.79) and last traded at GBX 294 ($3.84). Approximately 246,036 shares traded hands during trading, an increase of 179% from the average daily volume of 88,174 shares. The stock had previously closed at GBX 329.50 ($4.31).
Separately, FinnCap restated a “corporate” rating on shares of Somero Enterprises in a research note on Wednesday, September 5th.
In other news, insider Lawrence Horsch sold 46,000 shares of Somero Enterprises stock in a transaction dated Friday, September 7th. The stock was sold at an average price of GBX 413 ($5.40), for a total transaction of £189,980 ($248,242.52).
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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