Coats Group (LON:COA) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Coats Group plc (LON:COA) crossed 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 ($1.18), with a volume of 316,079 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective on shares of Coats Group from GBX 120 ($1.50) to GBX 135 ($1.69) and gave the stock a “buy” rating in a report on Wednesday, September 4th.

Coats Group Stock Performance

The company has a 50 day moving average of GBX 95.24 and a two-hundred day moving average of GBX 93.34. The company has a debt-to-equity ratio of 97.61, a current ratio of 1.20 and a quick ratio of 1.06. The company has a market capitalization of £1.50 billion, a PE ratio of 1,890.00, a PEG ratio of 0.92 and a beta of 1.40.

Insider Activity

In related news, insider Steve Murray purchased 35,000 shares of Coats Group stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of GBX 95 ($1.19) per share, for a total transaction of £33,250 ($41,682.34). Also, insider David Paja purchased 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average price of GBX 97 ($1.22) per share, for a total transaction of £145,500 ($182,399.40). In the last 90 days, insiders have acquired 335,000 shares of company stock worth $32,125,000. Corporate insiders own 1.65% of the company’s stock.

Coats Group Company Profile

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.