Strip Tinning (LON:STG) Stock Price Up 75% – Here’s Why

Strip Tinning Holdings plc (LON:STG) shares shot up 75% during trading on Monday . The stock traded as high as GBX 43 and last traded at GBX 35. 279,982 shares changed hands during mid-day trading, an increase of 1,070% from the average session volume of 23,932 shares. The stock had previously closed at GBX 20.

Strip Tinning Stock Performance

The company’s fifty day moving average price is GBX 18.61 and its two-hundred day moving average price is GBX 20.02. 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 firm has a market capitalization of £6.38 million, a PE ratio of -3.02 and a beta of 0.44.

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.