Strip Tinning (LON:STG) Hits New 1-Year Low – Here’s What Happened

Shares of Strip Tinning Holdings plc (LON:STG) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 17 and last traded at GBX 18, with a volume of 225 shares trading hands. The stock had previously closed at GBX 17.50.

Strip Tinning Price Performance

The firm has a market cap of £3.28 million, a P/E ratio of -1.55 and a beta of 0.43. 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. The company’s 50-day moving average is GBX 20.33 and its two-hundred day moving average is GBX 21.34.

Strip Tinning (LON:STG) last released its 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 Activity

In other news, insider Mark Perrins acquired 26,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average cost of GBX 21 per share, with a total value of £5,460. Corporate insiders own 49.15% of the company’s stock.

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.