Insider Buying: Michael J. Reinarts Purchases 4,500 Shares of CTI Group Holdings Stock (CTIG)
CTI Group Holdings (NASDAQ:CTIG) Director Michael J. Reinarts purchased 4,500 shares of CTI Group Holdings stock on the open market in a transaction dated Monday, June 2nd. The shares were purchased at an average price of $0.31 per share, with a total value of $1,395.00. Following the completion of the acquisition, the director now directly owns 2,779,558 shares of the company’s stock, valued at approximately $861,663. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CTI Group Holdings (NASDAQ:CTIG) traded down 3.17% on Wednesday, hitting $0.305. 10,350 shares of the company’s stock traded hands. CTI Group Holdings has a one year low of $0.23 and a one year 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 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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