Strip Tinning (LON:STG) Stock Price Down 6.3% – Here’s What Happened

Strip Tinning Holdings plc (LON:STG) traded down 6.3% during trading on Wednesday . The stock traded as low as GBX 34 ($0.43) and last traded at GBX 34.20 ($0.43). 30,000 shares changed hands during trading, a decline of 9% from the average session volume of 33,014 shares. The stock had previously closed at GBX 36.50 ($0.46).

Strip Tinning Price Performance

The stock has a 50-day moving average of GBX 35.71 and a two-hundred day moving average of GBX 43.13. The firm has a market cap of £6.65 million, a price-to-earnings ratio of -223.53 and a beta of 0.87. The company has a current ratio of 3.46, a quick ratio of 2.33 and a debt-to-equity ratio of 125.19.

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.