CT Private Equity Trust (LON:CTPE) Shares Down 2% – Here’s Why

CT Private Equity Trust PLC (LON:CTPE) shares traded down 2% during mid-day trading on Tuesday . The stock traded as low as GBX 484 and last traded at GBX 487.02. Approximately 107,315 shares were traded during trading, a decline of 3% from the average daily volume of 110,686 shares. The stock had previously closed at GBX 497.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating on shares of CT Private Equity Trust in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, CT Private Equity Trust has an average rating of “Buy”.

CT Private Equity Trust Stock Down 2.0%

The firm has a market cap of £348.23 million, a PE ratio of 14.19 and a beta of 0.95. The company has a quick ratio of 0.62, a current ratio of 1.33 and a debt-to-equity ratio of 20.11. The business has a 50-day moving average price of GBX 483.83 and a two-hundred day moving average price of GBX 508.83.

CT Private Equity Trust (LON:CTPE) last released its earnings results on Thursday, May 28th. The company reported GBX 0.82 earnings per share (EPS) for the quarter. CT Private Equity Trust had a return on equity of 4.94% and a net margin of 65.42%.The firm had revenue of GBX 123 million during the quarter.

Insider Buying and Selling

In other CT Private Equity Trust news, insider Craig Armour bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of GBX 493 per share, with a total value of £24,650. 0.39% of the stock is owned by company insiders.

About CT Private Equity Trust

We invest in high-quality smaller and mid-sized private companies selected by experienced Private Equity managers, mainly across the UK and Europe, that typically demonstrate strong growth, profitability, and sound management. Our diversified strategy means that we are invested in over 500 companies with 50 carefully selected PE managers, reducing risk and helping us find the best small and mid-size growth companies.

Our fund manager, Hamish Mair, has managed the trust’s investments since launch over 25 years ago.