Shares of CT Automotive Group plc (LON:CTA – Get Free Report) traded down 23.8% during trading on Tuesday . The stock traded as low as GBX 38 and last traded at GBX 40. Approximately 3,895,777 shares traded hands during trading, an increase of 939% from the average daily volume of 374,781 shares. The stock had previously closed at GBX 52.50.
CT Automotive Group Price Performance
The company has a quick ratio of 0.44, a current ratio of 1.33 and a debt-to-equity ratio of 53.78. The firm has a market capitalization of £29.44 million, a PE ratio of 3.67 and a beta of 0.56. The firm’s fifty day simple moving average is GBX 37.68 and its 200-day simple moving average is GBX 29.94.
Insider Buying and Selling
In other CT Automotive Group news, insider Geraint Davies bought 30,000 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were acquired at an average cost of GBX 31 per share, for a total transaction of £9,300. Also, insider Gary McGrath bought 54,945 shares of CT Automotive Group stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of GBX 36 per share, with a total value of £19,780.20. 32.11% of the stock is owned by 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.
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