CT Private Equity Trust (LON:CTPE) Trading Down 2% – Time to Sell?

CT Private Equity Trust PLC (LON:CTPE)’s share price dropped 2% on Tuesday . The stock traded as low as GBX 484 and last traded at GBX 487.02. 107,315 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 110,686 shares. The stock had previously closed at GBX 497.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating on shares of CT Private Equity Trust in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

CT Private Equity Trust Stock Up 1.6%

The firm’s 50-day simple moving average is GBX 484.12 and its 200 day simple moving average is GBX 508.66. The company has a debt-to-equity ratio of 20.11, a quick ratio of 0.62 and a current ratio of 1.33. The stock has a market capitalization of £354.65 million, a P/E ratio of 14.46 and a beta of 0.95.

CT Private Equity Trust (LON:CTPE) last announced its quarterly earnings data on Thursday, May 28th. The company reported GBX 0.82 earnings per share for the quarter. The company had revenue of GBX 123 million during the quarter. CT Private Equity Trust had a return on equity of 4.94% and a net margin of 65.42%.

Insider Buying and Selling

In related news, insider Craig Armour purchased 5,000 shares of CT Private Equity Trust stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of GBX 493 per share, with a total value of £24,650. Company insiders own 0.39% of the company’s stock.

CT Private Equity Trust Company Profile

We invest in high-quality smaller and mid-sized private companies selected by experienced Private Equity managers, mainly across the UK and Europe, that typically demonstrate strong growth, profitability, and sound management. Our diversified strategy means that we are invested in over 500 companies with 50 carefully selected PE managers, reducing risk and helping us find the best small and mid-size growth companies.

Our fund manager, Hamish Mair, has managed the trust’s investments since launch over 25 years ago.