TI Fluid Systems (LON:TIFS) Sets New 12-Month High – Here’s Why

TI Fluid Systems plc (LON:TIFS)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 185.54 ($2.43) and last traded at GBX 183.80 ($2.41), with a volume of 16851605 shares. The stock had previously closed at GBX 152.20 ($1.99).

TI Fluid Systems Price Performance

The company has a market capitalization of £896.70 million, a price-to-earnings ratio of 1,014.67, a PEG ratio of 0.40 and a beta of 1.17. 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’s 50 day simple moving average is GBX 142.22 and its 200-day simple moving average is GBX 139.01.

TI Fluid Systems Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 15th were paid a €0.02 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 1.84%. TI Fluid Systems’s payout ratio is currently 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.