CT Automotive Group (LON:CTA) Hits New 52-Week High – Time to Buy?

CT Automotive Group plc (LON:CTA)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 45 and last traded at GBX 42.80, with a volume of 1107401 shares changing hands. The stock had previously closed at GBX 41.50.

CT Automotive Group Stock Up 3.1%

The company’s 50 day moving average price is GBX 32.34 and its two-hundred day moving average price is GBX 28.14. The company has a current ratio of 1.33, a quick ratio of 0.44 and a debt-to-equity ratio of 53.78. The firm has a market cap of £31.50 million, a PE ratio of 3.93 and a beta of 0.56.

Insider Buying and Selling at CT Automotive Group

In other CT Automotive Group news, insider Geraint Davies purchased 30,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of GBX 31 per share, for a total transaction of £9,300. Also, insider Gary McGrath acquired 54,945 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of GBX 36 per share, with a total value of £19,780.20. Corporate 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.