Cohort (LON:CHRT) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Cohort plc (LON:CHRT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 912.88 ($11.15) and traded as high as GBX 1,168.31 ($14.27). Cohort shares last traded at GBX 1,140 ($13.92), with a volume of 64,911 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Cohort in a research note on Tuesday, September 24th.

Cohort Trading Up 0.9 %

The stock has a market cap of £465.06 million, a P/E ratio of 3,026.32 and a beta of 0.56. The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 36.88. The stock’s fifty day moving average price is GBX 1,046.08 and its 200 day moving average price is GBX 915.38.

Cohort Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 18th. Investors of record on Thursday, January 9th will be paid a GBX 5.25 ($0.06) dividend. This represents a yield of 0.51%. The ex-dividend date is Thursday, January 9th. Cohort’s payout ratio is 3,947.37%.

Cohort Company Profile

Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.