Coats Group (LON:COA) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Coats Group plc (LON:COA - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 74.46 ($1.01) and traded as high as GBX 79.10 ($1.07). Coats Group shares last traded at GBX 78.50 ($1.07), with a volume of 3,406,639 shares traded.

Wall Street Analysts Forecast Growth

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

Coats Group Price Performance

The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20. The stock's fifty day moving average price is GBX 75.01 and its 200-day moving average price is GBX 84.43. The firm has a market cap of £1.57 billion, a PE ratio of 26.29, a P/E/G ratio of 0.92 and a beta of 1.40.

Insider Activity

In other Coats Group news, insider Hannah Nichols bought 26,092 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of GBX 76 ($1.03) per share, for a total transaction of £19,829.92 ($26,924.53). Also, insider David Paja bought 150,000 shares of Coats Group stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average cost of GBX 75 ($1.02) per share, for a total transaction of £112,500 ($152,749.49). In the last three months, insiders purchased 324,692 shares of company stock worth $23,337,792. Company insiders own 1.65% of the company's stock.

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.