Coats Group (LON:COA) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Coats Group plc (LON:COA) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 94.25 ($1.15) and traded as low as GBX 88.77 ($1.08). Coats Group shares last traded at GBX 91.30 ($1.11), with a volume of 3,873,057 shares.

Coats Group Price Performance

The stock’s fifty day moving average price is GBX 94.62 and its 200-day moving average price is GBX 94.25. The firm has a market cap of £1.44 billion, a PE ratio of 1,808.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 97.61, a current ratio of 1.20 and a quick ratio of 1.06.

Insider Buying and Selling

In other news, insider Steve Murray acquired 35,000 shares of the company’s stock in a transaction that occurred 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 ($40,598.29). Also, insider David Paja acquired 150,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 95 ($1.16) per share, for a total transaction of £142,500 ($173,992.67). 1.65% of the stock is currently owned by company insiders.

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.