Cohort (LON:CHRT) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Cohort plc (LON:CHRT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,273.72 ($17.38) and traded as high as GBX 1,568 ($21.40). Cohort shares last traded at GBX 1,568 ($21.40), with a volume of 98,251 shares traded.

Wall Street Analyst Weigh In

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

Cohort Stock Performance

The company has a debt-to-equity ratio of 37.28, a quick ratio of 0.93 and a current ratio of 1.55. The firm's 50 day simple moving average is GBX 1,493.41 and its 200 day simple moving average is GBX 1,273.72. The firm has a market capitalization of £704.46 million, a price-to-earnings ratio of 40.99 and a beta of 0.56.

Insiders Place Their Bets

In other news, insider Simon Walther sold 350 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of GBX 1,275 ($17.40), for a total value of £4,462.50 ($6,090.49). Also, insider Andrew Stephen Thomis sold 5,358 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of GBX 1,120 ($15.29), for a total value of £60,009.60 ($81,902.01). 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.

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