Strip Tinning (LON:STG) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

Shares of Strip Tinning Holdings plc (LON:STG) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 22.01 and traded as low as GBX 21. Strip Tinning shares last traded at GBX 21.15, with a volume of 2,451 shares traded.

Strip Tinning Stock Up 13.5%

The stock has a market capitalization of £4.37 million, a price-to-earnings ratio of -2.26 and a beta of 0.45. The firm’s fifty day moving average is GBX 23.98 and its 200-day moving average is GBX 22.01. The company has a debt-to-equity ratio of -975.11, a current ratio of 0.79 and a quick ratio of 2.33.

Strip Tinning (LON:STG) last released its earnings results on Thursday, September 17th. The company reported GBX (7.05) earnings per share for the quarter. Strip Tinning had a positive return on equity of 617.63% and a negative net margin of 20.47%.

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.