Tanfield Group (LON:TAN) Stock Price Down 8% – Here’s What Happened

Tanfield Group PLC (LON:TAN) fell 8% during mid-day trading on Monday . The stock traded as low as GBX 3.02 ($0.04) and last traded at GBX 3.23 ($0.04). 1,218 shares changed hands during trading, a decline of 91% from the average session volume of 13,569 shares. The stock had previously closed at GBX 3.51 ($0.05).

Tanfield Group Stock Down 8.0 %

The business’s 50 day simple moving average is GBX 3.41 and its 200 day simple moving average is GBX 3.53. The stock has a market cap of £5.26 million, a price-to-earnings ratio of -19,214.75 and a beta of 0.83.

Tanfield Group Company Profile

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.