Cohort (LON:CHRT) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Cohort plc (LON:CHRT)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 882.72 ($11.07) and traded as high as GBX 1,120 ($14.04). Cohort shares last traded at GBX 1,120 ($14.04), with a volume of 14,885 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Cohort in a research report on Tuesday, September 24th.

Cohort Stock Up 0.4 %

The company’s fifty day simple moving average is GBX 978.32 and its 200-day simple moving average is GBX 882.72. The firm has a market capitalization of £452.93 million, a PE ratio of 2,947.37 and a beta of 0.56. The company has a debt-to-equity ratio of 36.88, a current ratio of 1.55 and a quick ratio of 0.93.

Cohort Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 18th. Investors of record on Thursday, January 9th will be given a dividend of GBX 5.25 ($0.07) per share. This represents a yield of 0.51%. The ex-dividend date of this dividend is Thursday, January 9th. Cohort’s dividend payout ratio is currently 3,947.37%.

Insider Buying and Selling at Cohort

In related news, insider Simon Walther acquired 598 shares of the stock in a transaction dated Friday, October 4th. The stock was acquired at an average cost of GBX 906 ($11.36) per share, for a total transaction of £5,417.88 ($6,791.88). 39.22% of the stock is currently owned by company insiders.

About Cohort

Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.