Coats Group (LON:COA) Shares Pass Above 50-Day Moving Average of $76.15

Shares of Coats Group plc (LON:COA) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 76.15 ($0.94) and traded as high as GBX 82.50 ($1.02). Coats Group shares last traded at GBX 82 ($1.01), with a volume of 5,036,872 shares changing hands.

Coats Group Price Performance

The business’s fifty day simple moving average is GBX 76.15 and its 200-day simple moving average is GBX 73.05. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 102.36. The firm has a market cap of £1.31 billion, a P/E ratio of 2,050.00, a PEG ratio of 0.92 and a beta of 1.38.

Coats Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.02 per share. This is a boost from Coats Group’s previous dividend of $0.01. The ex-dividend date is Thursday, May 2nd. This represents a yield of 2.27%. Coats Group’s payout ratio is presently 5,000.00%.

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.