Signal stock

Coats Group (LON:COA) shares drop below the 50-day moving average of $68.77

Coats plc Group (LON: COAGet a rating) the stock fell below its 50-day moving average during Monday’s trading. The stock has a 50-day moving average of 68.77 GBX ($0.83) and is trading as low as 61.50 GBX ($0.74). Coats Group shares last traded at GBX 62 ($0.75), with volume traded at 290,419 shares.

COA has been the subject of several research reports. Peel Hunt reaffirmed a “buy” rating and posted a GBX 103 ($1.25) target price on Coats Group shares in a research report on Tuesday, April 12. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 90 ($1.09) price target on Coats Group shares in a research note on Wednesday, June 8. Finally, Royal Bank of Canada reissued an “outperform” rating and published a target price of GBX 100 ($1.21) on Coats Group shares in a research note on Wednesday, April 13.

The company has a quick ratio of 0.87, a current ratio of 1.46 and a debt ratio of 60.49. The company’s 50-day moving average is 68.77 GBX and its two-hundred-day moving average is 68.73 GBX. The company has a market capitalization of £900.59 million and a PE ratio of 1,240.00.

Coats Group Company Profile (LON: COA)

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial threads worldwide. The Company provides apparel and footwear, as well as athletic/athletic accessory yarns, denim, women’s apparel, men’s apparel, children’s apparel, leather apparel, work, shoes, underwear and underwear under Epic, Dual Duty, Seamsoft, Nylbond, Gral, Gramax, Astra, Sylko, Knit, EcoVerde, Eloflex and Drybond brands; zippers, trimmings and crafts for use in zippers, interior liners, reflective strips and craft products under the Opti, Signal and Connect brands; and software solutions that enable productivity gains in the supply chain and improve procurement and facilitate compliance under Coats Digital, FastReactPlan, VisionPLM, GSDCost, Intellocut and Intellobuy.

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