Coats Group (LON:COA) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Shares of Coats Group plc (LON:COA - Get Free Report) 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 changing hands.

Coats Group Price Performance

The company's 50-day simple moving average is GBX 94.62 and its 200 day simple moving average is GBX 94.25. 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 £1.44 billion, a price-to-earnings ratio of 1,808.00, a P/E/G 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 dated Monday, December 16th. The shares were bought at an average cost of GBX 95 ($1.17) per share, with a total value of £33,250 ($40,913.01). Also, insider David Paja acquired 150,000 shares of the company's stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of GBX 95 ($1.17) per share, for a total transaction of £142,500 ($175,341.45). 1.65% of the stock is owned by company 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.