Coats Group (LON:COA) Shares Pass Above Fifty Day Moving Average of $86.87

Shares of Coats Group plc (LON:COA) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 86.87 ($1.11) and traded as high as GBX 101.80 ($1.30). Coats Group shares last traded at GBX 101.80 ($1.30), with a volume of 1,339,019 shares changing hands.

Analyst Upgrades and Downgrades

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

Coats Group Stock Up 2.2 %

The firm’s 50-day moving average price is GBX 87.26 and its 200 day moving average price is GBX 81.65. The firm has a market cap of £1.62 billion, a P/E ratio of 2,036.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 97.61.

Coats Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 17th will be issued a $0.01 dividend. This represents a yield of 0.81%. The ex-dividend date of this dividend is Thursday, October 17th. Coats Group’s payout ratio is currently 4,000.00%.

About Coats Group

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.