CT Automotive Group (LON:CTA) Sets New 52-Week High – What’s Next?

CT Automotive Group plc (LON:CTA)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 49 and last traded at GBX 48, with a volume of 242713 shares trading hands. The stock had previously closed at GBX 45.11.

CT Automotive Group Stock Performance

The company has a debt-to-equity ratio of 53.78, a current ratio of 1.33 and a quick ratio of 0.44. The stock has a 50-day simple moving average of GBX 35.18 and a 200-day simple moving average of GBX 28.95. The stock has a market cap of £35.33 million, a P/E ratio of 4.40 and a beta of 0.56.

Insider Transactions at CT Automotive Group

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