Strip Tinning (LON:STG) Trading Up 7.1% – Here’s Why

Strip Tinning Holdings plc (LON:STG)’s share price shot up 7.1% on Wednesday . The company traded as high as GBX 37.50 ($0.49) and last traded at GBX 37.50 ($0.49). 52,101 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 35,024 shares. The stock had previously closed at GBX 35 ($0.45).

Strip Tinning Stock Performance

The stock has a market cap of £6.84 million, a PE ratio of -220.59 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 stock has a 50-day simple moving average of GBX 38.10 and a 200-day simple moving average of GBX 43.81.

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.