Tanfield Group (LON:TAN) Stock Falls 1.2% – Here’s Why

Shares of Tanfield Group PLC (LON:TAN – Get Free Report) were down 1.2% during mid-day trading on Wednesday. The stock traded as low as GBX 4.20 and last traded at GBX 4.20. 29,603 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 158,762 shares. The stock had previously closed at GBX 4.25.

Tanfield Group Trading Down 1.2%

The stock has a 50 day simple moving average of GBX 4.26 and a 200-day simple moving average of GBX 5.30. The firm has a market cap of £6.84 million, a P/E ratio of -3.78 and a beta of 0.23.

Tanfield Group (LON:TAN – Get Free Report) last posted its earnings results on Monday, September 28th. The company reported GBX 0.41 EPS for the quarter. Tanfield Group had a negative return on equity of 8.84% and a negative net margin of 25,628.57%.

Tanfield Group Company Profile

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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. Tanfield Group PLC was incorporated in 2000 and is based in Newcastle upon Tyne, the United Kingdom.

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