Coats Group (LON:COA) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Coats Group plc (LON:COA)’s stock price crossed 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 traded.

Coats Group Trading Down 1.3 %

The company has a debt-to-equity ratio of 97.61, a quick ratio of 1.06 and a current ratio of 1.20. The company has a market capitalization of £1.44 billion, a PE ratio of 1,808.00, a P/E/G ratio of 0.92 and a beta of 1.40. The business has a fifty day moving average price of GBX 94.62 and a 200 day moving average price of GBX 94.25.

Insider Buying and Selling at Coats Group

In other news, insider Steve Murray bought 35,000 shares of Coats Group stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of GBX 95 ($1.16) per share, with a total value of £33,250 ($40,598.29). Also, insider David Paja purchased 150,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of GBX 95 ($1.16) per share, with a total value of £142,500 ($173,992.67). 1.65% of the stock is currently owned by corporate 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.