Strip Tinning (LON:STG) Shares Up 3.9% – Here’s Why

Strip Tinning Holdings plc (LON:STG)’s share price rose 3.9% during trading on Friday . The company traded as high as GBX 40 ($0.50) and last traded at GBX 40 ($0.50). Approximately 159 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 31,589 shares. The stock had previously closed at GBX 38.50 ($0.48).

Strip Tinning Stock Performance

The firm has a market cap of £7.29 million, a price-to-earnings ratio of -235.29 and a beta of 0.87. The company has a debt-to-equity ratio of 125.19, a current ratio of 3.46 and a quick ratio of 2.33. The firm has a fifty day simple moving average of GBX 36.93 and a two-hundred day simple moving average of GBX 41.51.

About Strip Tinning

Strip Tinning Holdings plc manufactures and supplies flexible electrical connectors for heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle (EV) battery packs in the United Kingdom, rest of Europe, and internationally. It provides windshield soldering connectors and heating materials, including FPC connectors, flat foil connectors, solder busbars, adhesive busbars, preformed busbars, and heating wires; back-lite soldering connectors comprising solder bridge connectors, crimp contact connectors, and round wire connectors with capacitors and coils; and ST flex products, such as battery electronics, lighting and heating products, smart glass products, and antennas.