CTT Correios de Portugal (OTCMKTS:CTTPY) Hits New 12-Month Low – Here’s Why

Shares of CTT Correios de Portugal, S.A. Unsponsored ADR (OTCMKTS:CTTPYGet Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.90 and last traded at $15.90, with a volume of 1000 shares changing hands. The stock had previously closed at $15.90.

CTT Correios de Portugal Price Performance

The company has a 50 day simple moving average of $16.23 and a 200 day simple moving average of $16.23. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 19.39 and a beta of 0.06. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.45.

CTT Correios de Portugal Company Profile

(Get Free Report)

CTT – Correios de Portugal, SA is the national postal operator of Portugal, providing a comprehensive range of mail, parcel and logistics services. Headquartered in Lisbon, the company traces its origins to the Royal House of Manuel I in 1520, making it one of the oldest postal institutions in Europe. In its modern form as a publicly traded Sociedade Anónima, CTT has expanded beyond traditional mail delivery to embrace express courier, freight and supply-chain solutions.

In addition to its core postal operations, CTT offers financial and insurance services through its Banco CTT subsidiary.

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