Strip Tinning (LON:STG) Reaches New 52-Week Low – Should You Sell?

Strip Tinning Holdings plc (LON:STG)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 17 and last traded at GBX 17, with a volume of 10376 shares traded. The stock had previously closed at GBX 17.85.

Strip Tinning Trading Up 2.7%

The business’s 50 day simple moving average is GBX 19.11 and its 200 day simple moving average is GBX 20.76. The company has a debt-to-equity ratio of 2,624.60, a current ratio of 1.02 and a quick ratio of 2.33. The company has a market capitalization of £3.46 million, a price-to-earnings ratio of -1.64 and a beta of 0.44.

Insider Activity

In related news, insider Mark Perrins purchased 26,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average price of GBX 21 per share, for a total transaction of £5,460. 49.15% of the stock is currently owned by corporate insiders.

Strip Tinning Company Profile

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.