CT Automotive Group (LON:CTA) Reaches New 1-Year High – What’s Next?

CT Automotive Group plc (LON:CTA) shares reached a new 52-week high on Monday . The stock traded as high as GBX 55 and last traded at GBX 52.33, with a volume of 649510 shares changing hands. The stock had previously closed at GBX 53.44.

CT Automotive Group Price Performance

The stock has a market cap of £38.51 million, a PE ratio of 4.80 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. The business has a 50 day moving average price of GBX 37.32 and a two-hundred day moving average price of GBX 29.79.

Insider Buying and Selling at CT Automotive Group

In other CT Automotive Group news, insider Geraint Davies acquired 30,000 shares of CT Automotive Group stock in a transaction 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 bought 54,945 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of GBX 36 per share, with a total value of £19,780.20. 32.11% of the stock is currently owned by insiders.

About CT Automotive Group

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.