Strip Tinning (LON:STG) Stock Price Up 75% – What’s Next?

Strip Tinning Holdings plc (LON:STG) shares shot up 75% during mid-day trading on Monday . The company traded as high as GBX 43 and last traded at GBX 35. 279,982 shares were traded during trading, an increase of 1,070% from the average session volume of 23,932 shares. The stock had previously closed at GBX 20.

Strip Tinning Stock Performance

The stock has a market cap of £5.83 million, a P/E ratio of -2.76 and a beta of 0.44. 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 firm’s 50-day moving average price is GBX 19.31 and its 200-day moving average price is GBX 20.20.

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.