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

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 ($1.06), with a volume of 3,406,639 shares trading hands.

Analyst Upgrades and Downgrades

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

Coats Group Stock Performance

The stock's 50-day simple moving average is GBX 74.66 and its two-hundred day simple moving average is GBX 84.59. The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20.

Insider Buying and Selling

In other news, insider Hannah Nichols acquired 26,092 shares of Coats Group stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of GBX 76 ($1.03) per share, for a total transaction of £19,829.92 ($26,880.74). Also, insider David Gosnell acquired 148,600 shares of the business's stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of GBX 68 ($0.92) per share, for a total transaction of £101,048 ($136,977.09). Insiders have purchased a total of 324,692 shares of company stock worth $23,337,792 in the last 90 days. Corporate insiders own 1.65% of the company's stock.

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.