Coats Group (LON:COA) Stock Crosses Below 200 Day Moving Average – Here’s Why

Coats Group plc (LON:COA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 Stock Up 2.3 %

The company’s 50-day simple moving average is GBX 94.18 and its two-hundred day simple moving average is GBX 94.61. The company has a debt-to-equity ratio of 97.61, a current ratio of 1.20 and a quick ratio of 1.06. The firm has a market capitalization of £1.51 billion, a P/E ratio of 1,898.00, a P/E/G ratio of 0.92 and a beta of 1.40.

Insider Buying and Selling at Coats Group

In other Coats Group news, insider David Paja purchased 150,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of GBX 95 ($1.16) per share, for a total transaction of £142,500 ($173,378.76). Also, insider Steve Murray acquired 35,000 shares of Coats Group stock in a transaction dated Monday, December 16th. The shares were bought at an average price of GBX 95 ($1.16) per share, for a total transaction of £33,250 ($40,455.04). 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.