Coats Group (LON:COA) Stock Price Down 0.7% – What’s Next?

Shares of Coats Group plc (LON:COA) traded down 0.7% during trading on Tuesday . The stock traded as low as GBX 95.20 ($1.22) and last traded at GBX 95.70 ($1.22). 1,361,427 shares were traded during mid-day trading, a decline of 55% from the average session volume of 3,043,584 shares. The stock had previously closed at GBX 96.40 ($1.23).

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their target price on shares of Coats Group from GBX 120 ($1.53) to GBX 135 ($1.72) and gave the company a “buy” rating in a research report on Wednesday, September 4th.

Coats Group Stock Down 0.7 %

The firm has a market cap of £1.52 billion, a P/E ratio of 1,914.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The stock’s 50 day simple moving average is GBX 95.78 and its 200 day simple moving average is GBX 92.79. The company has a debt-to-equity ratio of 97.61, a quick ratio of 1.06 and a current ratio of 1.20.

Insider Buying and Selling

In other news, insider David Paja purchased 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were bought at an average cost of GBX 97 ($1.24) per share, with a total value of £145,500 ($185,894.98). 1.65% of the stock is currently owned by company insiders.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.