Coats Group (LON:COA) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Coats Group plc (LON:COA) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 93.34 ($1.17) and traded as low as GBX 91.10 ($1.14). Coats Group shares last traded at GBX 94.50 ($1.19), with a volume of 316,079 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price on shares of Coats Group from GBX 120 ($1.51) to GBX 135 ($1.69) and gave the company a “buy” rating in a report on Wednesday, September 4th.

Coats Group Stock Up 0.9 %

The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 97.61. The company has a market cap of £1.50 billion, a price-to-earnings ratio of 1,890.00, a P/E/G ratio of 0.92 and a beta of 1.40. The stock’s 50-day moving average is GBX 95.18 and its 200-day moving average is GBX 93.42.

Insider Activity

In other Coats Group news, insider Steve Murray purchased 35,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of GBX 95 ($1.19) per share, with a total value of £33,250 ($41,703.25). Also, insider David Paja purchased 150,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average price of GBX 95 ($1.19) per share, with a total value of £142,500 ($178,728.21). Over the last 90 days, insiders have purchased 335,000 shares of company stock worth $32,125,000. Company insiders own 1.65% of the company’s stock.

About Coats Group

About Coats Group plc

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment.