Insider Buying: CTI Group Holdings Director Acquires 2,000 Shares of Stock (CTIG)
CTI Group Holdings (NASDAQ:CTIG) Director Michael J. Reinarts bought 2,000 shares of CTI Group Holdings stock on the open market in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of $0.31 per share, with a total value of $620.00. Following the completion of the purchase, the director now directly owns 2,781,558 shares of the company’s stock, valued at approximately $862,283. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CTI Group Holdings (NASDAQ:CTIG) opened at 0.3799 on Friday. CTI Group Holdings has a 1-year low of $0.23 and a 1-year high of $0.38. The stock has a 50-day moving average of $0.30 and a 200-day moving average of $0.29. The company has a market cap of $11.1 million and a price-to-earnings 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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