Strip Tinning (LON:STG) Shares Down 2.7% – Here’s Why

Strip Tinning Holdings plc (LON:STG) fell 2.7% during mid-day trading on Tuesday . The stock traded as low as GBX 18 and last traded at GBX 18. Approximately 9,108 shares changed hands during trading, a decline of 57% from the average daily volume of 21,331 shares. The stock had previously closed at GBX 18.50.

Strip Tinning Stock Performance

The company has a current ratio of 1.02, a quick ratio of 2.33 and a debt-to-equity ratio of 2,624.60. The stock’s fifty day simple moving average is GBX 18.53 and its 200 day simple moving average is GBX 20.26. The company has a market cap of £3.28 million, a price-to-earnings ratio of -1.55 and a beta of 0.44.

About Strip Tinning

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.