CT Automotive Group (LON:CTA) Reaches New 12-Month High – Should You Buy?

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

CT Automotive Group Trading Up 2.7%

The business has a 50 day moving average of GBX 33.10 and a 200-day moving average of GBX 28.35. 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 £32.49 million, a P/E ratio of 4.05 and a beta of 0.56.

Insider Activity at CT Automotive Group

In related news, insider Geraint Davies acquired 30,000 shares of the company’s stock in a transaction that occurred 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 acquired 54,945 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of GBX 36 per share, for a total transaction of £19,780.20. 32.11% of the stock is owned by corporate 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.