Cohort (LON:CHRT) Stock Passes Above 200-Day Moving Average – Here’s Why

Cohort plc (LON:CHRTGet Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 882.72 ($11.07) and traded as high as GBX 1,120 ($14.05). Cohort shares last traded at GBX 1,120 ($14.05), with a volume of 14,885 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Cohort in a report on Tuesday, September 24th.

Check Out Our Latest Analysis on Cohort

Cohort Stock Performance

The company has a market cap of £452.93 million, a PE ratio of 2,947.37 and a beta of 0.56. The stock’s 50 day simple moving average is GBX 987.96 and its two-hundred day simple moving average is GBX 887.08. The company has a quick ratio of 0.93, a current ratio of 1.55 and a debt-to-equity ratio of 36.88.

Cohort Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 18th. Investors of record on Thursday, January 9th will be issued a GBX 5.25 ($0.07) dividend. This represents a yield of 0.51%. The ex-dividend date of this dividend is Thursday, January 9th. Cohort’s payout ratio is currently 3,947.37%.

Insider Buying and Selling at Cohort

In other Cohort news, insider Simon Walther bought 598 shares of Cohort stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average price of GBX 906 ($11.36) per share, for a total transaction of £5,417.88 ($6,795.28). 39.22% of the stock is owned by company insiders.

Cohort Company Profile

(Get Free Report)

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.

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