CT Automotive Group (LON:CTA) Shares Down 5.2% – Here’s What Happened

CT Automotive Group plc (LON:CTA – Get Free Report)’s share price was down 5.2% during trading on Monday. The stock traded as low as GBX 18.50 and last traded at GBX 19.50. 10,989,430 shares changed hands during mid-day trading, an increase of 2,610% from the average session volume of 405,517 shares. The stock had previously closed at GBX 20.57.

CT Automotive Group Trading Down 5.2%

The firm has a market capitalization of £14.35 million, a P/E ratio of 2.29 and a beta of 0.70. The company has a quick ratio of 0.44, a current ratio of 1.24 and a debt-to-equity ratio of 77.48. The firm has a 50 day moving average of GBX 29.03 and a 200-day moving average of GBX 31.41.

CT Automotive Group Company Profile

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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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