CT Automotive Group (LON:CTA) Stock Price Down 3% – Here’s What Happened

CT Automotive Group plc (LON:CTA)’s share price was down 3% during trading on Tuesday . The company traded as low as GBX 32 and last traded at GBX 32. Approximately 305,353 shares were traded during trading, a decline of 12% from the average session volume of 345,795 shares. The stock had previously closed at GBX 33.

CT Automotive Group Trading Down 3.0%

The firm has a market cap of £23.55 million, a PE ratio of 2.94 and a beta of 0.70. The company’s fifty day moving average price is GBX 39.30 and its two-hundred day moving average price is GBX 31.82. The company has a quick ratio of 0.44, a current ratio of 1.33 and a debt-to-equity ratio of 53.78.

Insider Transactions at CT Automotive Group

In related news, insider Gary McGrath bought 54,945 shares of the stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of GBX 36 per share, for a total transaction of £19,780.20. Also, insider Geraint Davies bought 30,000 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was bought at an average cost of GBX 31 per share, with a total value of £9,300. 32.19% 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.