Strip Tinning (LON:STG) Stock Price Down 8.7% – Time to Sell?

Strip Tinning Holdings plc (LON:STG)’s share price dropped 8.7% during trading on Tuesday . The stock traded as low as GBX 25.10 and last traded at GBX 25.10. Approximately 11,910 shares were traded during trading, a decline of 47% from the average daily volume of 22,385 shares. The stock had previously closed at GBX 27.50.

Strip Tinning Price Performance

The company has a debt-to-equity ratio of 125.19, a current ratio of 3.46 and a quick ratio of 2.33. The business’s 50-day moving average price is GBX 24.65 and its two-hundred day moving average price is GBX 23.62. The firm has a market cap of £4.57 million, a price-to-earnings ratio of -1.30 and a beta of 0.87.

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.