Coats Group (OTCMKTS:CGGGF) Trading Down 2.7% – Time to Sell?

Coats Group plc (OTCMKTS:CGGGF)’s stock price traded down 2.7% on Thursday . The company traded as low as $1.2159 and last traded at $1.2159. 1,055 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 47,522 shares. The stock had previously closed at $1.25.

Coats Group Stock Down 1.3%

The company’s fifty day moving average price is $1.14 and its two-hundred day moving average price is $1.10.

About Coats Group

Coats Group (OTCMKTS:CGGGF) is a global leader in industrial thread and consumer textile crafts, offering a wide range of products and services to the apparel, footwear, performance materials and consumer goods sectors. The company designs and manufactures high-performance threads, yarns, zips, trims and technical textiles used in applications ranging from fashion garments and athletic footwear to automotive airbags and industrial filtration systems. Coats’ integrated supply chain solutions also include digital design tools, inventory management and logistics services that help customers streamline production and reduce waste.

Founded more than 250 years ago in Scotland, Coats has grown into a multinational enterprise with operations across Europe, North America, Latin America, Asia and Africa.