Strip Tinning (LON:STG) Hits New 1-Year Low – Here’s What Happened

Shares of Strip Tinning Holdings plc (LON:STG) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 17 and last traded at GBX 18, with a volume of 225 shares trading hands. The stock had previously closed at GBX 17.50.

Strip Tinning Trading Up 2.9%

The company has a debt-to-equity ratio of 2,624.60, a current ratio of 1.02 and a quick ratio of 2.33. The business’s 50-day moving average is GBX 20.33 and its 200 day moving average is GBX 21.34. The firm has a market capitalization of £3.28 million, a P/E ratio of -1.55 and a beta of 0.43.

Strip Tinning (LON:STG) last announced its earnings results on Thursday, March 26th. The company reported GBX (11.60) earnings per share (EPS) for the quarter. Strip Tinning had a negative return on equity of 387.32% and a negative net margin of 24.52%.

Insider Transactions at Strip Tinning

In related news, insider Mark Perrins acquired 26,000 shares of the stock in a transaction on Friday, April 10th. The shares were purchased at an average price of GBX 21 per share, for a total transaction of £5,460. 49.15% of the stock is owned by corporate insiders.

Strip Tinning Company Profile

With more than 60 years of experience, Strip Tinning Automotive is a leading manufacturer of flexible printed circuit connectors, flat foil & cable connectors, and electrical busbar & wire elements, for automotive heating and lighting applications.

We are proud suppliers to the world’s leading glazing manufacturers, these include, AGC, Carlex, Fuyao, NSG, PGW, Saint Gobain Sekurit, and Sisecam.

A large portfolio of components supplied by Strip Tinning Automotive are assembled by the glazing manufacturers and subsequently supplied to the world’s leading OEM’s, including, Audi, BMW, Dacia, Ford, General Motors, Jaguar, Mercedes Benz, Mitsubishi, Nissan, Opel, Peugeot, Porsche, Skoda, Volvo and VW.