CT Automotive Group (LON:CTA) Shares Down 23.8% – Should You Sell?

Shares of CT Automotive Group plc (LON:CTA) fell 23.8% on Tuesday . The company traded as low as GBX 38 and last traded at GBX 40. 3,895,777 shares were traded during trading, an increase of 939% from the average daily volume of 374,781 shares. The stock had previously closed at GBX 52.50.

CT Automotive Group Stock Up 0.3%

The company has a quick ratio of 0.44, a current ratio of 1.33 and a debt-to-equity ratio of 53.78. The stock has a 50 day simple moving average of GBX 37.82 and a 200 day simple moving average of GBX 30.05. The stock has a market cap of £27.67 million, a price-to-earnings ratio of 3.45 and a beta of 0.64.

Insiders Place Their Bets

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