Tanfield Group (LON:TAN) Stock Price Down 7.9% – What’s Next?

Tanfield Group PLC (LON:TAN) shares dropped 7.9% during trading on Monday . The stock traded as low as GBX 3.06 ($0.04) and last traded at GBX 3.06 ($0.04). Approximately 4,650 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 9,531 shares. The stock had previously closed at GBX 3.32 ($0.04).

Tanfield Group Stock Down 7.9 %

The firm has a market cap of £4.98 million, a P/E ratio of 133.67 and a beta of 0.83. The company has a debt-to-equity ratio of 16.96, a quick ratio of 10.87 and a current ratio of 68.24. The stock’s 50 day simple moving average is GBX 3.58 and its 200 day simple moving average is GBX 3.64.

Tanfield Group Company Profile

Tanfield Group PLC operates as an investment company. The company, through its 49% interest in Snorkel International Holdings LLC, produces self-propelled, towable, and push-around aerial lifts, including diesel and electric scissor lifts, mast lifts, telescopic boom lifts, and articulating booms. Tanfield Group PLC also, through its 5.76% interest in Smith Electric Vehicles Corp., designs and produces electric commercial vehicles for short haul urban fleets.