Strip Tinning (LON:STG) Shares Up 15.7% – Here’s What Happened

Strip Tinning Holdings plc (LON:STG)’s stock price shot up 15.7% on Tuesday . The stock traded as high as GBX 35 and last traded at GBX 35. Approximately 24,249 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 23,010 shares. The stock had previously closed at GBX 30.25.

Strip Tinning Stock Performance

The company has a quick ratio of 2.33, a current ratio of 1.02 and a debt-to-equity ratio of 2,624.60. The stock’s fifty day moving average is GBX 23.34 and its two-hundred day moving average is GBX 21.38. The firm has a market capitalization of £6.38 million, a price-to-earnings ratio of -3.02 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.