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

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.

Coats Group Stock Performance

The company has a market cap of £1.31 billion, a P/E ratio of 2,050.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.38. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 102.36. The stock has a 50 day moving average price of GBX 76.15 and a two-hundred day moving average price of GBX 73.05.

Coats Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 2.27%. This is a positive change from Coats Group’s previous dividend of $0.01. Coats Group’s dividend payout ratio (DPR) is 5,000.00%.

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.