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

Shares of Coats Group plc (LON:COA - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 75.99 ($1.04) and traded as high as GBX 78.30 ($1.07). Coats Group shares last traded at GBX 77.91 ($1.07), with a volume of 3,230,688 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 135 ($1.85) price target on shares of Coats Group in a research report on Thursday, March 6th.

Coats Group Trading Up 2.2%

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 business has a 50-day simple moving average of GBX 75.99 and a 200-day simple moving average of GBX 83.19. The company has a market cap of £1.60 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Insider Activity

In other Coats Group news, insider David Paja purchased 150,000 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was acquired at an average price of GBX 75 ($1.03) per share, for a total transaction of £112,500 ($154,384.52). Also, insider Hannah Nichols acquired 26,092 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of GBX 76 ($1.04) per share, for a total transaction of £19,829.92 ($27,212.74). Over the last ninety days, insiders bought 324,692 shares of company stock valued at $23,337,792. 1.65% of the stock is currently 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.

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