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

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

CT Automotive Group Trading Down 2.1%

The firm has a 50 day moving average of GBX 37.32 and a 200 day moving average of GBX 29.79. The firm has a market cap of £38.51 million, a PE ratio of 4.80 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 1.33 and a debt-to-equity ratio of 53.78.

Insider Buying and Selling at CT Automotive Group

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

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.