Cohort (LON:CHRT) Shares Cross Above 200-Day Moving Average – What’s Next?

Cohort plc (LON:CHRT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 912.88 ($11.23) and traded as high as GBX 1,168.31 ($14.38). Cohort shares last traded at GBX 1,140 ($14.03), with a volume of 64,911 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Cohort in a research note on Tuesday, September 24th.

Cohort Stock Performance

The company has a quick ratio of 0.93, a current ratio of 1.55 and a debt-to-equity ratio of 36.88. The stock has a market capitalization of £461.02 million, a price-to-earnings ratio of 3,000.00 and a beta of 0.56. The company’s 50-day moving average is GBX 1,040.92 and its 200-day moving average is GBX 912.88.

Cohort Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 5.25 ($0.06) per share. This represents a dividend yield of 0.51%. The ex-dividend date is Thursday, January 9th. Cohort’s payout ratio is presently 3,947.37%.

About Cohort

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.