Cohort (LON:CHRT) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Cohort plc (LON:CHRT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 912.88 ($11.15) and traded as high as GBX 1,168.31 ($14.27). Cohort shares last traded at GBX 1,140 ($13.92), with a volume of 64,911 shares trading 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 0.9 %

The company’s fifty day moving average is GBX 1,046.08 and its 200-day moving average is GBX 915.38. The company has a market capitalization of £465.06 million, a PE ratio of 3,026.32 and a beta of 0.56. The company has a debt-to-equity ratio of 36.88, a quick ratio of 0.93 and a current ratio of 1.55.

Cohort Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 18th. Investors of record on Thursday, January 9th will be issued a GBX 5.25 ($0.06) dividend. This represents a yield of 0.51%. The ex-dividend date of this dividend is Thursday, January 9th. Cohort’s dividend payout ratio is 3,947.37%.

Cohort Company Profile

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.