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

Shares of 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 95.23 ($1.20) and traded as low as GBX 87.10 ($1.10). Coats Group shares last traded at GBX 87.30 ($1.10), with a volume of 4,636,827 shares changing hands.

Coats Group Stock Performance

The firm’s 50-day moving average is GBX 91.75 and its 200 day moving average is GBX 95.23. The stock has a market cap of £1.75 billion, a PE ratio of 29.34, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20.

Insider Activity at Coats Group

In other news, insider Steve Murray acquired 35,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of GBX 95 ($1.19) per share, for a total transaction of £33,250 ($41,818.64). Also, insider David Paja acquired 150,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of GBX 95 ($1.19) per share, with a total value of £142,500 ($179,222.74). 1.65% of the stock is owned by insiders.

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.