Coats Group (LON:COA) Stock Price Passes Above 50-Day Moving Average of $71.90

Coats Group plc (LON:COA)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 71.90 ($0.88) and traded as high as GBX 73.50 ($0.90). Coats Group shares last traded at GBX 73.20 ($0.90), with a volume of 3,666,487 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 100 ($1.23) price target on shares of Coats Group in a report on Wednesday, August 2nd.

Coats Group Trading Down 1.0 %

The company has a fifty day moving average of GBX 71.83 and a 200-day moving average of GBX 71.71. The company has a current ratio of 1.76, a quick ratio of 1.06 and a debt-to-equity ratio of 96.68. The company has a market capitalization of £1.15 billion, a price-to-earnings ratio of 3,620.00, a PEG ratio of 0.92 and a beta of 1.40.

Insider Transactions at Coats Group

In related news, insider Rajiv Sharma sold 725,380 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of GBX 74 ($0.91), for a total value of £536,781.20 ($659,193.42). Corporate insiders own 1.90% of the company’s stock.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial 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, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.