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CTI Group Holdings (NASDAQ:CTIG) Director Michael J. Reinarts purchased 4,000 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The stock was purchased at an average cost of $0.31 per share, with a total value of $1,240.00. Following the completion of the purchase, the director now directly owns 2,790,858 shares in the company, valued at approximately $865,166. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Shares of CTI Group Holdings (NASDAQ:CTIG) remained flat at $0.31 during during mid-day trading trading on Monday. CTI Group Holdings has a 52-week low of $0.23 and a 52-week 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 28.18.

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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