Cohort (LON:CHRT) Share Price Passes Above 200-Day Moving Average - Here's Why

Cohort plc (LON:CHRT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,072.39 ($14.21) and traded as high as GBX 1,266 ($16.77). Cohort shares last traded at GBX 1,256 ($16.64), with a volume of 103,625 shares.

Cohort Trading Up 2.9 %

The company has a debt-to-equity ratio of 37.28, a current ratio of 1.55 and a quick ratio of 0.93. The company has a market capitalization of £588.26 million, a P/E ratio of 34.23 and a beta of 0.56. The firm has a fifty day moving average price of GBX 1,174.42 and a 200-day moving average price of GBX 1,084.51.

Cohort Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Thursday, January 9th were given a GBX 5.25 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 0.51%. Cohort's dividend payout ratio is currently 39.62%.

Insider Activity

In other news, insider Andrew Stephen Thomis sold 5,358 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of GBX 1,120 ($14.84), for a total transaction of £60,009.60 ($79,514.51). Insiders own 39.22% of the company's stock.

Cohort Company Profile

Cohort plc (www.cohortplc.com) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets. Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers surveillance, tracking and fire-control systems to the defence and security markets.