CT Private Equity Trust (LON:CTPE) Trading Down 2.6% – What’s Next?

Shares of CT Private Equity Trust PLC (LON:CTPE) dropped 2.6% during mid-day trading on Wednesday . The company traded as low as GBX 487 and last traded at GBX 487. Approximately 110,364 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 105,574 shares. The stock had previously closed at GBX 500.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating on shares of CT Private Equity Trust in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

CT Private Equity Trust Price Performance

The stock has a market capitalization of £348.22 million, a P/E ratio of 14.19 and a beta of 0.60. The company’s 50 day simple moving average is GBX 484.43 and its two-hundred day simple moving average is GBX 504.59. The company has a debt-to-equity ratio of 20.11, a current ratio of 1.33 and a quick ratio of 0.62.

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

Insiders Place Their Bets

In other CT Private Equity Trust news, insider Craig Armour acquired 5,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of GBX 493 per share, for a total transaction of £24,650. 0.40% of the stock is owned by corporate 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.