Insider Buying: Michael J. Reinarts Purchases 7,500 Shares of CTI Group Holdings Stock (CTIG)
CTI Group Holdings (NASDAQ:CTIG) Director Michael J. Reinarts acquired 7,500 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average cost of $0.31 per share, for a total transaction of $2,325.00. Following the completion of the transaction, the director now directly owns 2,775,058 shares of the company’s stock, valued at approximately $860,268. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CTI Group Holdings (NASDAQ:CTIG) remained flat at $0.305 during trading on Monday. 28,410 shares of the company’s stock traded hands. 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 $8.9 million and a P/E ratio of 27.73.
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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