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

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

CT Automotive Group Stock Performance

The company’s 50-day simple moving average is GBX 37.76 and its 200 day simple moving average is GBX 30.01. The stock has a market cap of £27.97 million, a P/E ratio of 3.49 and a beta of 0.64. The company has a current ratio of 1.33, a quick ratio of 0.44 and a debt-to-equity ratio of 53.78.

Insiders Place Their Bets

In other CT Automotive Group news, insider Geraint Davies acquired 30,000 shares of CT Automotive Group stock in a transaction on Monday, June 22nd. The stock was 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 the firm’s stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of GBX 36 per share, with a total value of £19,780.20. Company insiders own 32.11% of the company’s stock.

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.