Tanfield Group (LON:TAN) Shares Down 10.7% – Here’s What Happened

Tanfield Group PLC (LON:TAN)’s share price dropped 10.7% during trading on Monday . The company traded as low as GBX 4.02 ($0.05) and last traded at GBX 4.02 ($0.05). Approximately 100 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 26,962 shares. The stock had previously closed at GBX 4.50 ($0.06).

Tanfield Group Stock Down 10.7%

The company has a 50-day simple moving average of GBX 3.33 and a two-hundred day simple moving average of GBX 3.39. The stock has a market cap of £6.55 million, a P/E ratio of -23,914.34 and a beta of 0.83.

Tanfield Group (LON:TAN) last issued its earnings results on Thursday, April 17th. The company reported GBX 0.17 ($0.00) EPS for the quarter. Tanfield Group had a negative net margin of 1.19% and a negative return on equity of 0.00%.

About Tanfield Group

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.