Strip Tinning (LON:STG) Trading Down 8.7% – Here’s Why

Strip Tinning Holdings plc (LON:STG)’s share price fell 8.7% during trading on Tuesday . The company traded as low as GBX 25.10 and last traded at GBX 25.10. 11,910 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 22,385 shares. The stock had previously closed at GBX 27.50.

Strip Tinning Trading Down 8.7%

The stock has a market cap of £4.57 million, a P/E ratio of -1.30 and a beta of 0.87. The firm’s 50 day simple moving average is GBX 24.65 and its two-hundred day simple moving average is GBX 23.62. The company has a quick ratio of 2.33, a current ratio of 3.46 and a debt-to-equity ratio of 125.19.

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.