Strip Tinning (LON:STG) Stock Price Down 10%

Shares of Strip Tinning Holdings plc (LON:STG) dropped 10% during trading on Thursday . The stock traded as low as GBX 45 ($0.55) and last traded at GBX 45 ($0.55). Approximately 8,000 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 10,701 shares. The stock had previously closed at GBX 50 ($0.61).

Strip Tinning Trading Down 10.0 %

The business’s 50 day moving average price is GBX 54.21 and its two-hundred day moving average price is GBX 54.57. The company has a current ratio of 2.09, a quick ratio of 2.33 and a debt-to-equity ratio of 42.25. The company has a market capitalization of £6.96 million and a price-to-earnings ratio of -236.84.

Strip Tinning Company Profile

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.