Cohort (LON:CHRT) Stock Crosses Below 200 Day Moving Average – Here’s Why

Cohort plc (LON:CHRT)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,409.53 and traded as low as GBX 1,292. Cohort shares last traded at GBX 1,308, with a volume of 305,405 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating and issued a GBX 1,630 price target on shares of Cohort in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,630.

Cohort Price Performance

The stock has a market capitalization of £591.36 million, a price-to-earnings ratio of 29.29 and a beta of 0.56. The business’s fifty day moving average price is GBX 1,330.22 and its 200-day moving average price is GBX 1,409.53. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.55 and a quick ratio of 0.93.

Insider Transactions at Cohort

In other news, insider Andrew Stephen Thomis sold 21,203 shares of Cohort stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of GBX 1,256, for a total transaction of £266,309.68. Also, insider Simon Walther sold 16,569 shares of Cohort stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of GBX 1,256, for a total transaction of £208,106.64. 28.48% of the stock is owned by company insiders.

About Cohort

Cohort plc is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

The Group is split into two segments:

Communications and Intelligence
– EID designs and manufactures advanced communications systems for naval and military customers.