CT Automotive Group (LON:CTA) Shares Down 2.3% – Should You Sell?

CT Automotive Group plc (LON:CTA) shares dropped 2.3% during trading on Tuesday. The company traded as low as GBX 21 and last traded at GBX 21. 45,504 shares changed hands during trading, a decline of 87% from the average session volume of 363,875 shares. The stock had previously closed at GBX 21.50.

CT Automotive Group Stock Performance

The company has a quick ratio of 0.44, a current ratio of 1.24 and a debt-to-equity ratio of 77.48. The firm has a 50 day moving average of GBX 32.27 and a 200-day moving average of GBX 31.53. The company has a market cap of £16.19 million, a P/E ratio of 2.59 and a beta of 0.70.

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.