Strip Tinning (LON:STG) Trading 3.9% Higher – Here’s Why

Shares of Strip Tinning Holdings plc (LON:STG) were up 3.9% during trading on Friday . The stock traded as high as GBX 23.89 ($0.32) and last traded at GBX 23.89 ($0.32). Approximately 42 shares traded hands during trading, a decline of 100% from the average daily volume of 24,190 shares. The stock had previously closed at GBX 23 ($0.31).

Strip Tinning Trading Up 3.9%

The company’s fifty day moving average is GBX 25.57 and its 200-day moving average is GBX 22.38. The company has a current ratio of 3.46, a quick ratio of 2.33 and a debt-to-equity ratio of 125.19. The firm has a market capitalization of £4.35 million, a P/E ratio of -92.24 and a beta of 0.87.

Strip Tinning (LON:STG) last released its quarterly earnings results on Monday, August 4th. The company reported GBX (8.05) earnings per share (EPS) for the quarter. Strip Tinning had a negative net margin of 29.66% and a negative return on equity of 58.87%.

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.