Strip Tinning (LON:STG) Announces Quarterly Earnings Results

Strip Tinning (LON:STG) issued its quarterly earnings results on Thursday. The company reported GBX (7.05) earnings per share for the quarter, Digital Look Earnings reports. Strip Tinning had a negative return on equity of 387.32% and a negative net margin of 24.52%.

Strip Tinning Stock Down 3.8%

Shares of STG stock traded down GBX 1 during trading hours on Thursday, reaching GBX 25. 243 shares of the stock were exchanged, compared to its average volume of 23,805. The business’s fifty day moving average is GBX 25.45 and its two-hundred day moving average is GBX 21.84. The firm has a market capitalization of £4.56 million, a P/E ratio of -2.16 and a beta of 0.45. Strip Tinning has a 12-month low of GBX 17 and a 12-month high of GBX 43. 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.

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.