Coats Group (LON:COA) Stock Price Down 11.1% - Here's Why

Coats Group plc (LON:COA - Get Free Report)'s stock price traded down 11.1% during trading on Thursday . The company traded as low as GBX 72.40 ($0.97) and last traded at GBX 73 ($0.98). 68,300,328 shares were traded during mid-day trading, an increase of 1,108% from the average session volume of 5,654,658 shares. The stock had previously closed at GBX 82.10 ($1.10).

Analyst Ratings Changes

A number of brokerages have recently weighed in on COA. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 110 ($1.48) target price on shares of Coats Group in a research note on Wednesday. Berenberg Bank reiterated a "buy" rating and issued a GBX 125 ($1.68) target price on shares of Coats Group in a research note on Thursday, July 3rd.

Coats Group Stock Up 1.1%

The business's 50 day simple moving average is GBX 78.30 and its 200 day simple moving average is GBX 81.75. The company has a market capitalization of £1.46 billion, a PE ratio of 24.47, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06.

Insider Buying and Selling

In related news, insider Hannah Nichols bought 26,092 shares of the stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of GBX 76 ($1.02) per share, for a total transaction of £19,829.92 ($26,617.34). Also, insider David Paja bought 150,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was bought at an average price of GBX 75 ($1.01) per share, with a total value of £112,500 ($151,006.71). 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.