CT Automotive Group (LON:CTA) Stock Price Down 1% – Time to Sell?
by Tristan Rich · The Markets DailyCT Automotive Group plc (LON:CTA – Get Free Report) was down 1% during trading on Tuesday . The stock traded as low as GBX 35.15 and last traded at GBX 35.15. 106,407 shares changed hands during trading, a decline of 71% from the average daily volume of 362,326 shares. The stock had previously closed at GBX 35.50.
CT Automotive Group Stock Down 1.0%
The company’s 50 day moving average price is GBX 38.38 and its two-hundred day moving average price is GBX 30.92. The company has a current ratio of 1.33, a quick ratio of 0.44 and a debt-to-equity ratio of 53.78. The stock has a market cap of £25.87 million, a P/E ratio of 3.22 and a beta of 0.67.
Insider Activity at CT Automotive Group
In other CT Automotive Group news, insider Geraint Davies bought 30,000 shares of CT Automotive Group stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of GBX 31 per share, with a total value of £9,300. Also, insider Gary McGrath bought 54,945 shares of CT Automotive Group stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of GBX 36 per share, with a total value of £19,780.20. 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.