Strip Tinning (LON:STG) Reaches New 52-Week Low – Time to Sell?

Strip Tinning Holdings plc (LON:STG) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 17 and last traded at GBX 17, with a volume of 10376 shares trading hands. The stock had previously closed at GBX 17.85.

Strip Tinning Stock Down 4.8%

The business’s 50 day simple moving average is GBX 19.27 and its 200-day simple moving average is GBX 20.87. The company has a debt-to-equity ratio of 2,624.60, a quick ratio of 2.33 and a current ratio of 1.02. The company has a market cap of £3.10 million, a price-to-earnings ratio of -1.47 and a beta of 0.44.

Insider Activity

In other news, insider Mark Perrins acquired 26,000 shares of Strip Tinning stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average price of GBX 21 per share, with a total value of £5,460. Corporate insiders own 49.15% of the company’s stock.

Strip Tinning Company Profile

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.