Tanfield Group (LON:TAN) Trading Down 7.9% – Here’s What Happened

Shares of Tanfield Group PLC (LON:TANGet Free Report) were down 7.9% on Monday . The company traded as low as GBX 3.06 ($0.04) and last traded at GBX 3.06 ($0.04). Approximately 4,650 shares traded hands during trading, a decline of 51% from the average daily volume of 9,531 shares. The stock had previously closed at GBX 3.32 ($0.04).

Tanfield Group Stock Down 5.4 %

The firm’s 50-day moving average price is GBX 3.57 and its two-hundred day moving average price is GBX 3.64. The company has a debt-to-equity ratio of 16.96, a quick ratio of 10.87 and a current ratio of 68.24. The firm has a market cap of £5.75 million, a PE ratio of 133.67 and a beta of 0.83.

About Tanfield Group

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Tanfield Group PLC operates as an investment company. The company, through its 49% interest in Snorkel International Holdings LLC, produces self-propelled, towable, and push-around aerial lifts, including diesel and electric scissor lifts, mast lifts, telescopic boom lifts, and articulating booms. Tanfield Group PLC also, through its 5.76% interest in Smith Electric Vehicles Corp., designs and produces electric commercial vehicles for short haul urban fleets.

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