Coats Group (LON:COA) Stock Price Passes Above Fifty Day Moving Average of $85.46

Coats Group plc (LON:COA) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 85.46 ($1.09) and traded as high as GBX 95.73 ($1.22). Coats Group shares last traded at GBX 95.40 ($1.22), with a volume of 1,283,674 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 90 ($1.15) price target on shares of Coats Group in a research note on Thursday, July 4th.

Coats Group Stock Performance

The company has a debt-to-equity ratio of 97.61, a quick ratio of 1.06 and a current ratio of 1.20. The stock’s 50 day moving average price is GBX 85.73 and its 200 day moving average price is GBX 80.77. The company has a market capitalization of £1.58 billion, a P/E ratio of 1,986.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Coats Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 17th will be given a $0.01 dividend. This represents a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, October 17th. Coats Group’s dividend payout ratio (DPR) is presently 4,000.00%.

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.