CT Private Equity Trust (LON:CTPE) Stock Price Down 2.6% – What’s Next?

CT Private Equity Trust PLC (LON:CTPE) shares were down 2.6% on Wednesday . The stock traded as low as GBX 487 and last traded at GBX 487. Approximately 110,364 shares were traded during trading, an increase of 5% from the average session volume of 105,574 shares. The stock had previously closed at GBX 500.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating on shares of CT Private Equity Trust in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, CT Private Equity Trust currently has an average rating of “Buy”.

CT Private Equity Trust Price Performance

The firm has a fifty day moving average of GBX 484.77 and a 200 day moving average of GBX 504.17. The company has a market capitalization of £352.64 million, a P/E ratio of 14.37 and a beta of 0.60. The company has a current ratio of 1.33, a quick ratio of 0.62 and a debt-to-equity ratio of 20.11.

CT Private Equity Trust (LON:CTPE) last issued its earnings results on Thursday, May 28th. The company reported GBX 0.82 earnings per share for the quarter. The business had revenue of GBX 123 million during the quarter. CT Private Equity Trust had a return on equity of 4.94% and a net margin of 65.42%.

Insider Buying and Selling at CT Private Equity Trust

In related news, insider Craig Armour acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of GBX 493 per share, with a total value of £24,650. 0.40% of the stock is owned by insiders.

CT Private Equity Trust Company Profile

We invest in high-quality smaller and mid-sized private companies selected by experienced Private Equity managers, mainly across the UK and Europe, that typically demonstrate strong growth, profitability, and sound management. Our diversified strategy means that we are invested in over 500 companies with 50 carefully selected PE managers, reducing risk and helping us find the best small and mid-size growth companies.

Our fund manager, Hamish Mair, has managed the trust’s investments since launch over 25 years ago.