Coats Group (LON:COA) Shares Down 12.3% – Should You Sell?

Coats Group plc (LON:COA)’s share price fell 12.3% during mid-day trading on Thursday . The stock traded as low as GBX 71.99 ($0.97) and last traded at GBX 72 ($0.97). 37,857,023 shares were traded during trading, an increase of 597% from the average session volume of 5,432,444 shares. The stock had previously closed at GBX 82.10 ($1.10).

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COA. Berenberg Bank reiterated a “buy” rating and set a GBX 125 ($1.68) price target on shares of Coats Group in a report on Thursday, July 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 110 ($1.48) price objective on shares of Coats Group in a research note on Wednesday.

Coats Group Stock Performance

The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06. The stock has a 50-day simple moving average of GBX 78.30 and a 200-day simple moving average of GBX 81.75. The stock has a market cap of £1.45 billion, a P/E ratio of 24.23, a PEG ratio of 0.92 and a beta of 1.40.

Insider Activity at Coats Group

In related news, insider David Paja acquired 150,000 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of GBX 75 ($1.01) per share, for a total transaction of £112,500 ($151,067.54). Also, insider Hannah Nichols acquired 26,092 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of GBX 76 ($1.02) per share, for a total transaction of £19,829.92 ($26,628.06). Corporate 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.