Strip Tinning (LON:STG) Sets New 52-Week Low – Time to Sell?

Strip Tinning Holdings plc (LON:STG) hit a new 52-week low on Wednesday . The company traded as low as GBX 17 and last traded at GBX 19.04, with a volume of 453 shares trading hands. The stock had previously closed at GBX 19.

Strip Tinning Price Performance

The stock has a market capitalization of £3.47 million, a PE ratio of -1.64 and a beta of 0.45. 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 50-day moving average is GBX 20.45 and its 200 day moving average is GBX 21.49.

Strip Tinning (LON:STG) last posted its quarterly earnings results on Thursday, March 26th. The company reported GBX (11.60) EPS for the quarter. Strip Tinning had a negative net margin of 24.52% and a negative return on equity of 387.32%.

Insider Buying and Selling

In related news, insider Mark Perrins acquired 26,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was purchased at an average cost of GBX 21 per share, for a total transaction of £5,460. 49.15% of the stock is currently owned by company insiders.

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.