TI Fluid Systems (LON:TIFS) Shares Down 1.6% – Here’s Why

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

TI Fluid Systems Price Performance

The business’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 capitalization 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 15th. TI Fluid Systems’s payout ratio is 4,000.00%.

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.