CT Automotive Group plc (LON:CTA – Get Free Report)’s share price dropped 3% during mid-day trading on Tuesday . The stock traded as low as GBX 32 and last traded at GBX 32. Approximately 305,353 shares were traded during mid-day trading, a decline of 12% from the average session volume of 345,795 shares. The stock had previously closed at GBX 33.
CT Automotive Group Price Performance
The company has a fifty day simple moving average of GBX 39.03 and a 200-day simple moving average of GBX 31.80. The company has a market cap of £16.56 million, a P/E ratio of 2.06 and a beta of 0.70. The company has a debt-to-equity ratio of 53.78, a current ratio of 1.33 and a quick ratio of 0.44.
Insider Buying and Selling at CT Automotive Group
In other news, insider Geraint Davies bought 30,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was bought at an average cost of GBX 31 per share, for a total transaction of £9,300. Also, insider Gary McGrath bought 54,945 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of GBX 36 per share, for a total transaction of £19,780.20. Corporate insiders own 32.19% of the company’s stock.
CT Automotive Group Company Profile
CT Automotive is engaged in the design, development and manufacture of bespoke automotive interior finishes (for example dashboard panels and fascia finishes) and kinematic assemblies (for example air registers, arm rests, deployable cup holders and storage systems), as well as their associated tooling.
CT Automotive’s operating model enables it to pursue a price leadership strategy, supplying high quality parts to customers at a lower overall landed cost than competitors. This has helped the Company build a high-quality roster of world leading OEM end customers, both directly and via global Tier One suppliers including Faurecia and Marelli.
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