CT Automotive Group plc (LON:CTA – Get Free Report) shares were up 7.2% during trading on Tuesday . The company traded as high as GBX 36.76 and last traded at GBX 35.38. 1,549,477 shares changed hands during trading, an increase of 336% from the average daily volume of 355,635 shares. The stock had previously closed at GBX 33.
CT Automotive Group Trading Up 2.7%
The business has a 50-day moving average of GBX 30.86 and a 200-day moving average of GBX 27.74. The stock has a market capitalization of £27.97 million, a price-to-earnings ratio of 3.49 and a beta of 0.56. The company has a debt-to-equity ratio of 53.78, a quick ratio of 0.44 and a current ratio of 1.33.
Insiders Place Their Bets
In other CT Automotive Group news, insider Geraint Davies purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of GBX 31 per share, for a total transaction of £9,300. Also, insider Gary McGrath acquired 54,945 shares of the stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of GBX 36 per share, for a total transaction of £19,780.20. Insiders own 32.11% 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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