Coats Group (LON:COA) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Coats Group plc (LON:COA)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 93.34 ($1.17) and traded as low as GBX 91.10 ($1.14). Coats Group shares last traded at GBX 94.50 ($1.18), with a volume of 316,079 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their target price on Coats Group from GBX 120 ($1.50) to GBX 135 ($1.69) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Coats Group Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 97.61. The firm’s fifty day moving average price is GBX 95.24 and its 200-day moving average price is GBX 93.34. The stock has a market cap of £1.50 billion, a P/E ratio of 1,890.00, a PEG ratio of 0.92 and a beta of 1.40.

Insider Buying and Selling at Coats Group

In other Coats Group news, insider Steve Murray bought 35,000 shares of Coats Group stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of GBX 95 ($1.19) per share, with a total value of £33,250 ($41,682.34). Also, insider David Paja purchased 150,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of GBX 95 ($1.19) per share, with a total value of £142,500 ($178,638.59). Insiders bought 335,000 shares of company stock valued at $32,125,000 in the last quarter. Company insiders own 1.65% of the company’s stock.

About Coats Group

About Coats Group plc

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment.