CT Automotive Group (LON:CTA) Trading Down 3% – Time to Sell?

Shares of CT Automotive Group plc (LON:CTA) fell 3% during trading on Tuesday . The stock traded as low as GBX 32 and last traded at GBX 32. Approximately 305,353 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 345,795 shares. The stock had previously closed at GBX 33.

CT Automotive Group Stock Performance

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 firm has a market capitalization of £23.55 million, a PE ratio of 2.94 and a beta of 0.70. The stock’s 50 day moving average price is GBX 39.30 and its two-hundred day moving average price is GBX 31.82.

Insiders Place Their Bets

In related news, insider Geraint Davies bought 30,000 shares of the stock in a transaction on Monday, June 22nd. The shares were purchased at an average price of GBX 31 per share, for a total transaction of £9,300. Also, insider Gary McGrath purchased 54,945 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of GBX 36 per share, with a total value of £19,780.20. 32.19% of the stock is currently owned by corporate insiders.

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.