Coats Group (LON:COA) Stock Crosses Below 200-Day Moving Average – What’s Next?

Coats Group plc (LON:COA) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 94.61 ($1.15) and traded as low as GBX 92.80 ($1.13). Coats Group shares last traded at GBX 94.90 ($1.15), with a volume of 2,436,964 shares trading hands.

Coats Group Price Performance

The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 97.61. The stock has a market cap of £1.51 billion, a P/E ratio of 1,898.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company’s fifty day simple moving average is GBX 94.18 and its 200-day simple moving average is GBX 94.61.

Insiders Place Their Bets

In other news, insider David Paja purchased 150,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of GBX 95 ($1.16) per share, with a total value of £142,500 ($173,378.76). Also, insider Steve Murray purchased 35,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of GBX 95 ($1.16) per share, with a total value of £33,250 ($40,455.04). Corporate insiders own 1.65% of the company’s stock.

Coats Group Company Profile

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.