CT Automotive Group (LON:CTA) Sets New 12-Month High – Here’s Why

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

CT Automotive Group Trading Up 6.4%

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

Insider Activity at CT Automotive Group

In other news, insider Gary McGrath acquired 54,945 shares of the stock in a transaction on Tuesday, July 7th. The stock was acquired 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 business’s stock in a transaction on Monday, June 22nd. The shares were acquired at an average price of GBX 31 per share, with a total value of £9,300. Company insiders own 32.11% of the company’s stock.

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.