Coats Group (LON:COA) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Coats Group plc (LON:COA) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 94.25 ($1.16) and traded as low as GBX 88.77 ($1.09). Coats Group shares last traded at GBX 91.30 ($1.12), with a volume of 3,873,057 shares changing hands.

Coats Group Trading Down 0.1 %

The firm’s 50 day simple moving average is GBX 94.62 and its two-hundred day simple moving average is GBX 94.25. The stock has a market capitalization of £1.45 billion, a P/E ratio of 1,830.00, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 97.61.

Insider Activity

In other Coats Group news, insider David Paja bought 150,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of GBX 95 ($1.17) per share, with a total value of £142,500 ($175,341.45). Also, insider Steve Murray purchased 35,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of GBX 95 ($1.17) per share, for a total transaction of £33,250 ($40,913.01). 1.65% of the stock is currently owned by company insiders.

Coats Group Company Profile

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.