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

Coats Group plc (LON:COA - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 93.34 ($1.17) and traded as low as GBX 91.10 ($1.14). Coats Group shares last traded at GBX 94.50 ($1.19), with a volume of 316,079 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their target price on Coats Group from GBX 120 ($1.51) to GBX 135 ($1.69) and gave the company a "buy" rating in a research report on Wednesday, September 4th.

Coats Group Stock Up 0.9 %

The firm has a market capitalization of £1.50 billion, a price-to-earnings ratio of 1,890.00, a PEG ratio of 0.92 and a beta of 1.40. The business's fifty day moving average price is GBX 95.18 and its 200 day moving average price is GBX 93.42. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 97.61.

Insider Buying and Selling at Coats Group

In related news, insider David Paja bought 150,000 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average cost of GBX 95 ($1.19) per share, for a total transaction of £142,500 ($178,728.21). Also, insider Steve Murray purchased 35,000 shares of the business's stock in a transaction dated Monday, December 16th. The shares were bought at an average price of GBX 95 ($1.19) per share, with a total value of £33,250 ($41,703.25). Over the last three months, insiders have acquired 335,000 shares of company stock worth $32,125,000. 1.65% of the stock is owned by company insiders.

About Coats Group

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.