Cohort (LON:CHRT) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Cohort plc's stock price has fallen below its 200-day moving average, trading at GBX 1,244 ($16.78), compared to the average of GBX 1,345.11 ($18.15).
• Despite the recent decline, Shore Capital maintains a "buy" rating with a price target of GBX 1,630, indicating optimism among analysts.
• Insider trading activity has been significant, with insiders selling over 560,000 shares, representing 39.22% ownership by company insiders.

Cohort plc (LON:CHRT - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,345.11 ($18.10) and traded as low as GBX 1,222 ($16.44). Cohort shares last traded at GBX 1,244 ($16.74), with a volume of 97,959 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "buy" rating and set a GBX 1,630 target price on shares of Cohort in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 1,630.

Cohort Trading Up 2.2%

The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 37.28. The company has a market cap of £558.30 million, a P/E ratio of 32.49 and a beta of 0.56. The firm has a 50-day moving average of GBX 1,458.05 and a 200 day moving average of GBX 1,347.99.

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

Insider Buying and Selling at Cohort

In other news, insider Simon Walther sold 55,021 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, for a total transaction of £959,016.03. Also, insider Nicholas Martin Prest sold 350,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of GBX 1,743, for a total value of £6,100,500. Insiders have sold a total of 560,102 shares of company stock worth $976,257,786 over the last three months. 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.