Strip Tinning (LON:STG) Shares Down 6.8%

Shares of Strip Tinning Holdings plc (LON:STG) dropped 6.8% during trading on Tuesday . The company traded as low as GBX 38.50 ($0.51) and last traded at GBX 39.50 ($0.52). Approximately 10,486 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 37,848 shares. The stock had previously closed at GBX 42.40 ($0.56).

Strip Tinning Stock Performance

The company has a market cap of £7.20 million, a price-to-earnings ratio of -790.00 and a beta of 0.87. The stock’s fifty day simple moving average is GBX 42.78 and its 200 day simple moving average is GBX 44.12. The company has a current ratio of 1.57, a quick ratio of 2.33 and a debt-to-equity ratio of 50.17.

About Strip Tinning

Strip Tinning Holdings plc manufactures and supplies flexible electrical connectors for heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle (EV) battery packs in the United Kingdom, rest of Europe, and internationally. It provides windshield soldering connectors and heating materials, including FPC connectors, flat foil connectors, solder busbars, adhesive busbars, preformed busbars, and heating wires; back-lite soldering connectors comprising solder bridge connectors, crimp contact connectors, and round wire connectors with capacitors and coils; and ST flex products, such as battery electronics, lighting and heating products, smart glass products, and antennas.