CT Automotive Group (LON:CTA) Shares Down 23.8% – Should You Sell?

Shares of CT Automotive Group plc (LON:CTA) were down 23.8% during mid-day trading on Tuesday . The company traded as low as GBX 38 and last traded at GBX 40. 3,895,777 shares changed hands during mid-day trading, an increase of 939% from the average session volume of 374,781 shares. The stock had previously closed at GBX 52.50.

CT Automotive Group Stock Performance

The company has a 50-day simple moving average of GBX 37.68 and a two-hundred day simple moving average of GBX 29.94. 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 has a market capitalization of £29.44 million, a P/E ratio of 3.67 and a beta of 0.56.

Insider Activity

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

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.