Strip Tinning (LON:STG) Stock Price Down 23.9% – What’s Next?

Strip Tinning Holdings plc (LON:STG)’s share price traded down 23.9% during trading on Tuesday . The company traded as low as GBX 17.50 and last traded at GBX 17.50. 4,800 shares traded hands during trading, a decline of 31% from the average session volume of 6,929 shares. The stock had previously closed at GBX 23.

Strip Tinning Stock Down 11.1%

The stock has a 50 day moving average price of GBX 23.85 and a 200 day moving average price of GBX 24.31. The company has a debt-to-equity ratio of 125.19, a quick ratio of 2.33 and a current ratio of 3.46. The company has a market capitalization of £3.65 million, a P/E ratio of -1.03 and a beta of 0.87.

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.