Strip Tinning (LON:STG) Shares Up 0.6% – Here’s What Happened

Strip Tinning Holdings plc (LON:STG) shares shot up 0.6% during mid-day trading on Wednesday . The company traded as high as GBX 23 and last traded at GBX 21.62. 50,160 shares changed hands during mid-day trading, an increase of 321% from the average session volume of 11,907 shares. The stock had previously closed at GBX 21.50.

Strip Tinning Stock Up 0.6%

The company’s 50-day simple moving average is GBX 22.83 and its two-hundred day simple moving average is GBX 23.66. The firm has a market capitalization of £3.94 million, a P/E ratio of -1.12 and a beta of 0.87. The company has a debt-to-equity ratio of 125.19, a current ratio of 3.46 and a quick ratio of 2.33.

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.