Strip Tinning (LON:STG) Stock Price Up 89.2% – Here’s Why

Strip Tinning Holdings plc (LON:STG)’s stock price traded up 89.2% on Tuesday . The stock traded as high as GBX 43 ($0.56) and last traded at GBX 35 ($0.45). 342,866 shares changed hands during trading, an increase of 1,796% from the average session volume of 18,084 shares. The stock had previously closed at GBX 18.50 ($0.24).

Strip Tinning Price Performance

The stock has a market capitalization of £6.38 million, a PE ratio of -2.13 and a beta of 0.87. The company has a quick ratio of 2.33, a current ratio of 3.46 and a debt-to-equity ratio of 125.19. The stock’s 50-day moving average is GBX 26 and its 200 day moving average is GBX 32.87.

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.