CT Automotive Group (LON:CTA) Stock Price Up 7.2% – Here’s What Happened

CT Automotive Group plc (LON:CTA)’s stock price was up 7.2% on Tuesday . The company traded as high as GBX 36.76 and last traded at GBX 35.38. 1,549,477 shares changed hands during mid-day trading, an increase of 336% from the average daily volume of 355,635 shares. The stock had previously closed at GBX 33.

CT Automotive Group Stock Performance

The firm has a market capitalization of £28.70 million, a PE ratio of 3.58 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 firm’s 50 day moving average price is GBX 30.86 and its 200-day moving average price is GBX 27.74.

Insider Buying and Selling at CT Automotive Group

In other news, insider Geraint Davies acquired 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were 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 CT Automotive Group stock in a transaction on Tuesday, July 7th. The shares were acquired at an average price of GBX 36 per share, for a total transaction of £19,780.20. 32.11% of the stock is owned by insiders.

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.