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

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

Strip Tinning Trading Up 2.9%

The firm’s 50-day moving average is GBX 20.23 and its 200-day moving average is GBX 21.25. The company has a current ratio of 1.02, a quick ratio of 2.33 and a debt-to-equity ratio of 2,624.60. The firm has a market cap of £3.28 million, a price-to-earnings ratio of -1.55 and a beta of 0.43.

Strip Tinning (LON:STG) last announced its quarterly 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 at Strip Tinning

In other Strip Tinning news, insider Mark Perrins bought 26,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of GBX 21 per share, with a total value of £5,460. 49.15% of the stock is currently owned by insiders.

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.