Strip Tinning (LON:STG) Trading Down 23.9% – Should You Sell?

Strip Tinning Holdings plc (LON:STG) shares traded down 23.9% during mid-day trading on Tuesday . The stock traded as low as GBX 17.50 and last traded at GBX 17.50. 4,800 shares changed 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 Price Performance

The stock’s 50-day moving average price is GBX 24.10 and its 200 day moving average price is GBX 24.38. The company has a quick ratio of 2.33, a current ratio of 3.46 and a debt-to-equity ratio of 125.19. The firm has a market capitalization of £4.56 million, a price-to-earnings ratio of -1.29 and a beta of 0.87.

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.