Strip Tinning (LON:STG) Shares Down 19.4% – Time to Sell?

Strip Tinning Holdings plc (LON:STG)’s share price dropped 19.4% during mid-day trading on Wednesday . The company traded as low as GBX 20 ($0.26) and last traded at GBX 25 ($0.32). Approximately 271,166 shares traded hands during trading, an increase of 870% from the average daily volume of 27,941 shares. The stock had previously closed at GBX 31 ($0.40).

Strip Tinning Stock Down 19.4 %

The firm’s 50 day moving average price is GBX 25.87 and its 200-day moving average price is GBX 32.77. The company has a current ratio of 3.46, a quick ratio of 2.33 and a debt-to-equity ratio of 125.19. The company has a market cap of £4.56 million, a P/E ratio of -1.52 and a beta of 0.87.

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.