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CTI Group Holdings (NASDAQ:CTIG) Director Michael J. Reinarts purchased 5,413 shares of the stock on the open market in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of $0.30 per share, with a total value of $1,623.90. Following the purchase, the director now directly owns 2,767,558 shares in the company, valued at approximately $830,267. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Shares of CTI Group Holdings (NASDAQ:CTIG) opened at 0.315 on Wednesday. CTI Group Holdings has a 52-week low of $0.23 and a 52-week high of $0.36. The stock’s 50-day moving average is $0.30 and its 200-day moving average is $0.29. The company has a market cap of $9.2 million and a P/E ratio of 28.64.

CTI Group (NASDAQ:CTIG) Inc (CTI) designs, develops, markets and supports intelligent electronic invoice processing, enterprise communications management software and services solutions, and carrier class voice over Internet protocol management applications.

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