Coats Group (LON:COA) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Coats Group plc (LON:COA) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 93.34 ($1.17) and traded as low as GBX 91.10 ($1.14). Coats Group shares last traded at GBX 94.50 ($1.19), with a volume of 316,079 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price objective on Coats Group from GBX 120 ($1.51) to GBX 135 ($1.69) and gave the stock a “buy” rating in a research report on Wednesday, September 4th.

Coats Group Stock Performance

The stock has a market cap of £1.50 billion, a P/E ratio of 1,890.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 97.61. The stock has a 50 day simple moving average of GBX 95.18 and a 200 day simple moving average of GBX 93.42.

Insider Buying and Selling

In other news, insider David Paja acquired 150,000 shares of the stock in a transaction on Wednesday, October 9th. The stock was acquired at an average cost of GBX 97 ($1.22) per share, for a total transaction of £145,500 ($182,490.91). Also, insider Steve Murray bought 35,000 shares of Coats Group stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of GBX 95 ($1.19) per share, for a total transaction of £33,250 ($41,703.25). Over the last quarter, insiders have purchased 335,000 shares of company stock worth $32,125,000. Company 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.