Cohort (LON:CHRT) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Cohort plc's stock price fell below its two hundred-day moving average, reaching as low as GBX 1,262 ($16.95) during trading.
• Despite the recent downturn, analysts at Shore Capital have maintained a "buy" rating with a price target of GBX 1,630 ($21.89).
• Insiders have recently sold over 560,000 shares of Cohort stock, indicating significant activity from company executives.

Cohort plc (LON:CHRT - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,341.06 ($18.18) and traded as low as GBX 1,262 ($17.10). Cohort shares last traded at GBX 1,284 ($17.40), with a volume of 263,140 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "buy" rating and issued a GBX 1,630 ($22.09) target price on shares of Cohort in a research report on Wednesday, July 16th.

Cohort Trading Down 3.2%

The company has a debt-to-equity ratio of 37.28, a current ratio of 1.55 and a quick ratio of 0.93. The business's 50-day moving average price is GBX 1,491.45 and its 200-day moving average price is GBX 1,342.24. The firm has a market capitalization of £573.73 million, a PE ratio of 33.38 and a beta of 0.56.

Cohort (LON:CHRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The company reported GBX 54.44 ($0.74) earnings per share (EPS) for the quarter. Cohort had a return on equity of 14.91% and a net margin of 7.56%. As a group, analysts expect that Cohort plc will post 42.7951807 earnings per share for the current fiscal year.

Insider Buying and Selling at Cohort

In related news, insider Andrew Stephen Thomis sold 48,961 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of GBX 1,743 ($23.62), for a total value of £853,390.23 ($1,156,668.79). Also, insider Simon Walther sold 54,979 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of GBX 1,743 ($23.62), for a total value of £958,283.97 ($1,298,839.75). Insiders have sold 560,102 shares of company stock valued at $976,257,786 in the last 90 days. 39.22% of the stock is currently owned by insiders.

About Cohort

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.