Cohort (LON:CHRT) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Cohort plc (LON:CHRT) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 897.83 ($11.11) and traded as high as GBX 1,100 ($13.62). Cohort shares last traded at GBX 1,090 ($13.49), with a volume of 17,825 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Cohort in a research report on Tuesday, September 24th.

Cohort Stock Performance

The stock has a market capitalization of £489.32 million, a P/E ratio of 3,184.21 and a beta of 0.56. The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 36.88. The company has a 50-day moving average price of GBX 1,014.36 and a two-hundred day moving average price of GBX 900.26.

Cohort Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Thursday, January 9th will be issued a GBX 5.25 ($0.06) dividend. This represents a yield of 0.51%. The ex-dividend date is Thursday, January 9th. Cohort’s payout ratio is 3,947.37%.

About Cohort

Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.