Coats Group (LON:COA) Share Price Crosses Above 50 Day Moving Average - What's Next?

Coats Group plc (LON:COA - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 75.85 ($1.01) and traded as high as GBX 79.30 ($1.05). Coats Group shares last traded at GBX 79.20 ($1.05), with a volume of 10,136,106 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 135 ($1.79) price objective on shares of Coats Group in a research note on Thursday, March 6th.

Coats Group Trading Up 0.1%

The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06. The business's 50 day moving average price is GBX 75.85 and its 200-day moving average price is GBX 87. The firm has a market capitalization of £1.59 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Coats Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.02 per share. This represents a dividend yield of 2.01%. This is a positive change from Coats Group's previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, May 1st. Coats Group's payout ratio is 67.23%.

Insider Transactions at Coats Group

In related news, insider David Paja bought 150,000 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average cost of GBX 83 ($1.10) per share, for a total transaction of £124,500 ($165,163.17). Also, insider Sarah Highfield bought 59,227 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of GBX 83 ($1.10) per share, for a total transaction of £49,158.41 ($65,214.13). Insiders have bought a total of 357,827 shares of company stock worth $27,470,641 over the last ninety days. 1.65% of the stock is currently owned by company insiders.

About Coats Group

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.

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