Coats Group (LON:COA) Share Price Passes Below 50 Day Moving Average - Time to Sell?

Coats Group plc (LON:COA - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 97.39 ($1.25) and traded as low as GBX 96.20 ($1.24). Coats Group shares last traded at GBX 96.60 ($1.24), with a volume of 4,487,079 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on Coats Group from GBX 120 ($1.54) to GBX 135 ($1.74) and gave the stock a "buy" rating in a research note on Wednesday, September 4th.

Coats Group Stock Performance

The firm has a market capitalization of £1.52 billion, a PE ratio of 1,920.00, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 97.61, a current ratio of 1.20 and a quick ratio of 1.06. The firm has a fifty day moving average price of GBX 97.39 and a 200 day moving average price of GBX 91.32.

Insider Transactions at Coats Group

In related news, insider David Paja acquired 150,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average price of GBX 97 ($1.25) per share, with a total value of £145,500 ($187,234.59). Company insiders own 1.65% of the company's stock.

Coats Group Company Profile

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.