Tanfield Group (LON:TAN) Shares Down 1.2% – Here’s Why

Tanfield Group PLC (LON:TAN) shares dropped 1.2% on Wednesday. The stock traded as low as GBX 4.20 and last traded at GBX 4.20. 29,603 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 158,762 shares. The stock had previously closed at GBX 4.25.

Tanfield Group Price Performance

The firm’s 50 day moving average price is GBX 4.27 and its 200-day moving average price is GBX 5.28. The firm has a market cap of £6.92 million, a price-to-earnings ratio of -3.83 and a beta of 0.23.

Tanfield Group (LON:TAN) last posted its quarterly earnings results on Monday, September 28th. The company reported GBX 0.41 earnings per share (EPS) for the quarter. Tanfield Group had a negative net margin of 25,628.57% and a negative return on equity of 8.84%.

Tanfield Group Company Profile

Tanfield Group PLC operates as an investment company. The company, through its 49% interest in Snorkel International Holdings LLC, produces self-propelled, towable, and push-around aerial lifts, including diesel and electric scissor lifts, mast lifts, telescopic boom lifts, and articulating booms. Tanfield Group PLC also, through its 5.76% interest in Smith Electric Vehicles Corp., designs and produces electric commercial vehicles for short haul urban fleets. Tanfield Group PLC was incorporated in 2000 and is based in Newcastle upon Tyne, the United Kingdom.