Tanfield Group (LON:TAN) Shares Down 10.8% – Here’s Why

Tanfield Group PLC (LON:TAN)’s stock price traded down 10.8% during trading on Thursday . The stock traded as low as GBX 5.90 and last traded at GBX 6. 53,003 shares traded hands during trading, an increase of 38% from the average session volume of 38,353 shares. The stock had previously closed at GBX 6.73.

Tanfield Group Stock Down 10.8%

The firm has a market capitalization of £9.77 million, a price-to-earnings ratio of -13.64 and a beta of 0.83. The company’s fifty day moving average is GBX 5.56 and its two-hundred day moving average is GBX 5.

Tanfield Group (LON:TAN) last released its earnings results on Tuesday, September 30th. The company reported GBX (0.33) EPS for the quarter. Tanfield Group had a negative return on equity of 0.00% and a negative net margin of 1.19%.

About Tanfield Group

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.