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

Strip Tinning Holdings plc (LON:STG) hit a new 52-week low on Tuesday . The stock traded as low as GBX 17 and last traded at GBX 17, with a volume of 95 shares trading hands. The stock had previously closed at GBX 17.50.

Strip Tinning Price Performance

The company has a debt-to-equity ratio of 2,624.60, a quick ratio of 2.33 and a current ratio of 1.02. The business has a 50 day simple moving average of GBX 20.03 and a 200-day simple moving average of GBX 21.09. The firm has a market cap of £3.10 million, a price-to-earnings ratio of -1.47 and a beta of 0.43.

Insider Activity

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