TI Fluid Systems (LON:TIFS) Shares Down 1.6%

TI Fluid Systems plc (LON:TIFS)’s share price fell 1.6% during trading on Thursday . The stock traded as low as GBX 145.60 ($1.80) and last traded at GBX 145.60 ($1.80). 926,582 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 654,487 shares. The stock had previously closed at GBX 148 ($1.83).

TI Fluid Systems Stock Down 0.8 %

The stock has a market cap of £740.56 million, a PE ratio of 1,031.43, a price-to-earnings-growth ratio of 0.40 and a beta of 1.28. The company has a current ratio of 1.86, a quick ratio of 1.54 and a debt-to-equity ratio of 171.85. The business has a 50-day moving average price of GBX 151.37 and a 200-day moving average price of GBX 143.37.

TI Fluid Systems Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 23rd will be issued a €0.05 ($0.05) dividend. This is a positive change from TI Fluid Systems’s previous dividend of $0.02. This represents a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 23rd. TI Fluid Systems’s dividend payout ratio is currently 2,142.86%.

About TI Fluid Systems

TI Fluid Systems plc designs, manufactures, and sells thermal and fluid system solutions in Europe, Africa, the Asia Pacific, North America, and Latin America. It operates in two segments, Fluid Carrying Systems (FCS), and Fuel Tank and Delivery Systems (FTDS). The FCS segment offers brake and fuel lines and bundles; thermal management fluid systems, including HEV and BEV heating and cooling lines; and powertrain components and quick connectors.