Coats Group plc (LON:COA - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 74.40 ($0.95) and last traded at GBX 74.40 ($0.95), with a volume of 2243533 shares. The stock had previously closed at GBX 77.50 ($0.99).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "buy" rating and issued a GBX 135 ($1.72) price objective on shares of Coats Group in a research report on Thursday, March 6th.
Get Our Latest Analysis on COA
Coats Group Stock Performance
The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 103.51. The company has a fifty day moving average price of GBX 85.64 and a 200 day moving average price of GBX 92. The stock has a market cap of £1.38 billion, a PE ratio of 23.09, a P/E/G ratio of 0.92 and a beta of 1.40.
Coats Group Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.02 per share. This is a positive change from Coats Group's previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 2.01%. Coats Group's payout ratio is presently 67.23%.
Insider Activity
In other Coats Group news, insider Sarah Highfield bought 59,227 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of GBX 83 ($1.06) per share, for a total transaction of £49,158.41 ($62,574.35). Also, insider David Gosnell purchased 148,600 shares of the company's stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of GBX 68 ($0.87) per share, for a total transaction of £101,048 ($128,625.25). Insiders bought a total of 357,827 shares of company stock worth $27,470,641 in the last quarter. 1.65% of the stock is owned by company insiders.
Coats Group Company Profile
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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.
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