Strip Tinning (LON:STG) Stock Breaks Below 200-Day Moving Average – Here’s Why

Strip Tinning Holdings plc (LON:STG – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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 changing hands.

Strip Tinning Stock Performance

The company has a debt-to-equity ratio of -975.11, a current ratio of 0.79 and a quick ratio of 2.33. The stock has a fifty day moving average price of GBX 23.98 and a two-hundred day moving average price of GBX 22.01. The company has a market cap of £4.37 million, a P/E ratio of -2.26 and a beta of 0.45.

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

About Strip Tinning

(Get Free Report)

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.

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