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

CT Automotive Group plc (LON:CTA)’s share price was up 7.2% during mid-day trading on Tuesday . The stock traded as high as GBX 36.76 and last traded at GBX 35.38. Approximately 1,549,477 shares changed hands during 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 Trading Up 2.7%

The stock has a market cap of £27.97 million, a price-to-earnings ratio of 3.49 and a beta of 0.56. The business’s 50 day moving average is GBX 30.86 and its 200 day moving average is GBX 27.74. The company has a debt-to-equity ratio of 53.78, a current ratio of 1.33 and a quick ratio of 0.44.

Insider Activity

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