Coats Group (LON:COA) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Coats Group plc (LON:COA) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 93.81 ($1.16) and traded as low as GBX 93 ($1.15). Coats Group shares last traded at GBX 94.40 ($1.17), with a volume of 497,184 shares trading hands.

Coats Group Stock Down 0.1 %

The company’s 50 day simple moving average is GBX 94.95 and its 200-day simple moving average is GBX 93.91. The company has a debt-to-equity ratio of 97.61, a quick ratio of 1.06 and a current ratio of 1.20. The firm has a market capitalization of £1.49 billion, a PE ratio of 1,878.00, a PEG ratio of 0.92 and a beta of 1.40.

Insider Activity at Coats Group

In other Coats Group news, insider Steve Murray purchased 35,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of GBX 95 ($1.18) per share, with a total value of £33,250 ($41,156.08). Also, insider David Paja bought 150,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were acquired at an average cost of GBX 97 ($1.20) per share, with a total value of £145,500 ($180,096.55). Insiders have bought a total of 335,000 shares of company stock valued at $32,125,000 over the last 90 days. 1.65% of the stock is owned by insiders.

About Coats Group

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.