CT Automotive Group (LON:CTA) Stock Price Down 5.2% – Should You Sell?

CT Automotive Group plc (LON:CTA)’s share price dropped 5.2% on Monday. The company traded as low as GBX 18.50 and last traded at GBX 19.50. 10,989,430 shares were traded during mid-day trading, an increase of 2,610% from the average daily volume of 405,517 shares. The stock had previously closed at GBX 20.57.

CT Automotive Group Stock Performance

The stock has a 50-day simple moving average of GBX 28.41 and a 200-day simple moving average of GBX 31.35. The company has a debt-to-equity ratio of 77.48, a current ratio of 1.24 and a quick ratio of 0.44. The stock has a market cap of £14.11 million, a PE ratio of 2.25 and a beta of 0.70.

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.