TI Fluid Systems (LON:TIFS) shares down 1.6% – Here’s why

TI Fluid Systems plc ( LON:TIFS – Get Free Report ) share price fell 1.6% on Monday. The stock traded as high as GBX 155 ($2.03) and last traded at GBX 155.40 ($2.03). 1,977,492 shares traded hands during mid-day trading, up 38% from the session’s average volume of 1,432,604 shares. The stock had previously closed at GBX 158 ($2.07).

TI Fluid Systems price performance

The company’s fifty day moving average price is GBX 141.11 and its 200 day moving average price is GBX 139.24. The company has a current ratio of 1.92, a quick ratio of 1.54, and a debt-to-equity ratio of 174.67. The company has a market cap of £764.37 million, a P/E ratio of 1,032.00, a P/E/G ratio of 0.40 and a beta of 1.17.

TI Fluid Systems Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 15th were given a dividend of €0.02 ($0.03) per share. This represents a yield of 1.84%. The ex-dividend date was Thursday, August 15. TI Fluid Systems’ payout ratio is 4,000.00%.

About TI Fluid Systems

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

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