Coats Group (LON:COA) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Coats Group plc (LON:COA) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 94.25 ($1.16) and traded as low as GBX 88.77 ($1.09). Coats Group shares last traded at GBX 91.30 ($1.12), with a volume of 3,873,057 shares trading hands.

Coats Group Stock Down 0.1 %

The stock has a market capitalization of £1.45 billion, a P/E ratio of 1,830.00, a PEG ratio of 0.92 and a beta of 1.40. 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 firm has a 50 day simple moving average of GBX 94.62 and a two-hundred day simple moving average of GBX 94.25.

Insider Activity at Coats Group

In related news, insider David Paja bought 150,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 95 ($1.17) per share, with a total value of £142,500 ($175,341.45). Also, insider Steve Murray bought 35,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of GBX 95 ($1.17) per share, with a total value of £33,250 ($40,913.01). 1.65% of the stock is currently owned by insiders.

Coats Group Company Profile

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.