Cohort (LON:CHRT) Trading 5.4% Higher – Here’s What Happened

Cohort plc (LON:CHRT) shares were up 5.4% during mid-day trading on Thursday . The stock traded as high as GBX 1,000 ($12.54) and last traded at GBX 963.04 ($12.07). Approximately 620,915 shares were traded during mid-day trading, an increase of 526% from the average daily volume of 99,136 shares. The stock had previously closed at GBX 914 ($11.46).

Wall Street Analysts Forecast Growth

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

Cohort Stock Up 5.0 %

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 market capitalization of £424.62 million, a price-to-earnings ratio of 2,763.16 and a beta of 0.56. The firm’s 50 day simple moving average is GBX 898.40 and its 200-day simple moving average is GBX 848.01.

Insiders Place Their Bets

In other Cohort news, insider Simon Walther acquired 598 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average cost of GBX 906 ($11.36) per share, for a total transaction of £5,417.88 ($6,791.88). Insiders own 39.22% of the company’s stock.

Cohort Company Profile

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.