Coats Group (LON:COA) Shares Down 0.7% - Should You Sell?

Coats Group plc (LON:COA - Get Free Report)'s stock price traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as GBX 95.20 ($1.21) and last traded at GBX 95.70 ($1.22). 1,361,427 shares changed hands during trading, a decline of 55% from the average session volume of 3,043,584 shares. The stock had previously closed at GBX 96.40 ($1.23).

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price target on Coats Group from GBX 120 ($1.53) to GBX 135 ($1.72) and gave the stock a "buy" rating in a report on Wednesday, September 4th.

Coats Group Trading Down 0.8 %

The firm has a market cap of £1.51 billion, a PE ratio of 1,898.00, a PEG 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 stock's fifty day simple moving average is GBX 95.71 and its 200-day simple moving average is GBX 92.84.

Insider Transactions at Coats Group

In other Coats Group news, insider David Paja bought 150,000 shares of Coats Group stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average price of GBX 97 ($1.24) per share, with a total value of £145,500 ($185,610.41). 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.