Coats Group (LON:COA) Stock Price Passes Above 50-Day Moving Average of $91.84

Coats Group plc (LON:COA) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 91.84 ($1.21) and traded as high as GBX 99.60 ($1.31). Coats Group shares last traded at GBX 98.40 ($1.29), with a volume of 2,815,546 shares trading hands.

Analyst Ratings Changes

A number of research firms recently commented on COA. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 90 ($1.18) price target on shares of Coats Group in a research note on Thursday, July 4th. Berenberg Bank boosted their target price on Coats Group from GBX 120 ($1.58) to GBX 135 ($1.78) and gave the company a “buy” rating in a research report on Wednesday.

Coats Group Price Performance

The stock’s 50 day moving average price is GBX 92.60 and its 200-day moving average price is GBX 84.59. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 97.61. The stock has a market capitalization of £1.56 billion, a PE ratio of 1,964.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Coats Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 17th will be given a $0.01 dividend. The ex-dividend date is Thursday, October 17th. This represents a yield of 0.81%. Coats Group’s dividend payout ratio (DPR) is 4,000.00%.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.