Coats Group (LON:COA) Hits New 12-Month Low – Here’s What Happened

Coats Group plc (LON:COA)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 74.40 ($0.97) and last traded at GBX 74.40 ($0.97), with a volume of 2243533 shares traded. The stock had previously closed at GBX 77.50 ($1.01).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 135 ($1.75) price target on shares of Coats Group in a report on Thursday, March 6th.

Coats Group Stock Down 4.6 %

The firm has a market cap of £1.48 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The stock’s 50 day moving average is GBX 87.08 and its 200 day moving average is GBX 92.62. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 103.51.

Coats Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 1st will be paid a $0.02 dividend. This represents a dividend yield of 2.01%. The ex-dividend date is Thursday, May 1st. This is an increase from Coats Group’s previous dividend of $0.01. Coats Group’s payout ratio is currently 67.23%.

Insider Activity at Coats Group

In related news, insider David Paja acquired 150,000 shares of Coats Group stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of GBX 83 ($1.08) per share, with a total value of £124,500 ($161,667.32). Also, insider Sarah Highfield bought 59,227 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of GBX 83 ($1.08) per share, for a total transaction of £49,158.41 ($63,833.80). Company insiders own 1.65% of the company’s stock.

About Coats Group

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.