CT Automotive Group (LON:CTA) Sets New 1-Year High – Here’s What Happened

CT Automotive Group plc (LON:CTA) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 45 and last traded at GBX 42.80, with a volume of 1107401 shares changing hands. The stock had previously closed at GBX 41.50.

CT Automotive Group Stock Up 3.1%

The stock has a market capitalization of £31.50 million, a PE ratio of 3.93 and a beta of 0.56. 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 company’s 50-day moving average is GBX 32.34 and its 200 day moving average is GBX 28.14.

Insider Buying and Selling

In other news, insider Gary McGrath acquired 54,945 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price of GBX 36 per share, for a total transaction of £19,780.20. Also, insider Geraint Davies purchased 30,000 shares of CT Automotive Group stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average cost of GBX 31 per share, with a total value of £9,300. 32.11% of the stock is owned by company 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.