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

Cohort plc (LON:CHRT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 912.88 ($11.23) and traded as high as GBX 1,168.31 ($14.38). Cohort shares last traded at GBX 1,140 ($14.03), with a volume of 64,911 shares.

Wall Street Analysts Forecast Growth

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

Cohort Price Performance

The firm has a market cap of £461.02 million, a price-to-earnings ratio of 3,000.00 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. The firm’s fifty day moving average is GBX 1,040.92 and its two-hundred day moving average is GBX 912.88.

Cohort Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Thursday, January 9th will be issued a GBX 5.25 ($0.06) dividend. This represents a dividend yield of 0.51%. The ex-dividend date is Thursday, January 9th. Cohort’s dividend payout ratio (DPR) is presently 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.