Cohort (LON:CHRT) Shares Cross Above 200 Day Moving Average - Here's Why

Cohort plc (LON:CHRT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,233.23 ($16.58) and traded as high as GBX 1,580 ($21.25). Cohort shares last traded at GBX 1,568 ($21.09), with a volume of 84,941 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of Cohort in a report on Thursday, May 29th.

Cohort Price Performance

The company has a market cap of £689.02 million, a P/E ratio of 40.09 and a beta of 0.56. The firm's 50-day moving average is GBX 1,435.72 and its two-hundred day moving average is GBX 1,241.85. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.55 and a quick ratio of 0.93.

Insiders Place Their Bets

In other Cohort news, insider Andrew Stephen Thomis sold 5,358 shares of Cohort stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of GBX 1,120 ($15.06), for a total transaction of £60,009.60 ($80,701.45). Also, insider Simon Walther sold 350 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of GBX 1,275 ($17.15), for a total transaction of £4,462.50 ($6,001.21). Corporate insiders own 39.22% of the company's stock.

Cohort Company Profile

Cohort plc is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets. The Group is split into two segments: Communications and Intelligence - EID designs and manufactures advanced communications systems for naval and military customers.