Tanfield Group (LON:TAN) Shares Down 11.1% – Here’s Why

Tanfield Group PLC (LON:TANGet Free Report) fell 11.1% during trading on Tuesday . The company traded as low as GBX 4 and last traded at GBX 4. 637,000 shares changed hands during trading, an increase of 247% from the average daily volume of 183,397 shares. The stock had previously closed at GBX 4.50.

Tanfield Group Stock Performance

The stock’s fifty day moving average is GBX 4.66 and its two-hundred day moving average is GBX 5.61. The firm has a market capitalization of £6.52 million, a price-to-earnings ratio of -3.88 and a beta of 0.24.

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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