CTI Industries Corporation (CTIB) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the consumer goods sector halfway through the trading day. At the lunch break, shares of CTIB have fallen 7.32% to $5.7 after closing the day prior at $6.15. So far, the stock has traded as high as $5.7 and as low as $5.65. Today’s decline has come with about 5,015 shares changing hands, compared to an average 30-day volume of 2,791 for CTI Industries Corporation. The price is currently below the 30-day volume weighted average price of $5.67 for CTIB.
The share depreciation gives the company a market capitalization of $21.68 million based upon 3.53 million shares outstanding. It also means that CTIB has a price-to-book ratio of 1.64:1.
In the past 52 weeks, shares of CTIB have traded as low as $5.011 and as high as $7.5999. Technical traders will take note that at $5.7, shares of CTIB are trading below their 200-day MA at $6.22 and below their 50-day MA at $5.92. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is CTIB?
CTI Industries Corp develops, produces and distributes consumer products. The Company is engaged in producing film products for commercial and industrial use. The Company sells its products throughout United States. The company’s 456 employees are led by CEO John H. Schwan from the corporate headquarters at 22160 North Pepper Road in Lake Barrington, IL.
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