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CTI Group Holdings (NASDAQ:CTIG) Director Michael J. Reinarts acquired 5,300 shares of the stock on the open market in a transaction dated Wednesday, June 4th. The stock was purchased at an average cost of $0.31 per share, with a total value of $1,643.00. Following the completion of the transaction, the director now directly owns 2,786,858 shares of the company’s stock, valued at approximately $863,926. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of CTI Group Holdings (NASDAQ:CTIG) opened at 0.31 on Friday. CTI Group Holdings has a 1-year low of $0.23 and a 1-year high of $0.38. 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 $9.1 million and a P/E ratio of 34.54.

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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