Coats Group (LON:COA) Stock Crosses Above 50-Day Moving Average - Here's What Happened

Shares of Coats Group plc (LON:COA - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 74.59 ($1.01) and traded as high as GBX 78.90 ($1.07). Coats Group shares last traded at GBX 75.70 ($1.03), with a volume of 2,311,097 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 135 ($1.83) price objective on shares of Coats Group in a research report on Thursday, March 6th.

Coats Group Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 103.51. The firm has a market cap of £1.54 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The stock has a 50 day moving average price of GBX 74.44 and a two-hundred day moving average price of GBX 85.31.

Coats Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 1st were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from Coats Group's previous dividend of $0.01. This represents a yield of 2.01%. Coats Group's dividend payout ratio (DPR) is 67.23%.

Insider Buying and Selling at Coats Group

In other news, insider Hannah Nichols acquired 26,092 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of GBX 76 ($1.03) per share, with a total value of £19,829.92 ($26,873.45). Also, insider David Paja bought 150,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of GBX 83 ($1.12) per share, with a total value of £124,500 ($168,722.05). In the last quarter, insiders have purchased 533,919 shares of company stock worth $40,703,633. 1.65% of the stock is owned by corporate insiders.

Coats Group Company Profile

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.