Cohort (LON:CHRT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Cohort plc (LON:CHRT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 806.69 ($10.56) and traded as high as GBX 874 ($11.44). Cohort shares last traded at GBX 868 ($11.36), with a volume of 45,840 shares trading hands.

Analyst Ratings Changes

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

Cohort Trading Up 0.7 %

The company has a quick ratio of 0.93, a current ratio of 1.55 and a debt-to-equity ratio of 36.88. The firm has a market cap of £350.93 million, a price-to-earnings ratio of 2,284.21 and a beta of 0.56. The company has a 50-day moving average price of GBX 859.20 and a 200 day moving average price of GBX 806.69.

Cohort Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Thursday, August 22nd were issued a GBX 10.10 ($0.13) dividend. This is an increase from Cohort’s previous dividend of $4.70. The ex-dividend date was Thursday, August 22nd. This represents a dividend yield of 1.22%. Cohort’s dividend payout ratio is currently 3,947.37%.

Insiders Place Their Bets

In other news, insider Simon Walther purchased 598 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was bought at an average cost of GBX 906 ($11.86) per share, with a total value of £5,417.88 ($7,090.54). In other Cohort news, insider Simon Walther purchased 598 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were bought at an average price of GBX 906 ($11.86) per share, for a total transaction of £5,417.88 ($7,090.54). Also, insider Andrew Stephen Thomis sold 19,224 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of GBX 808 ($10.57), for a total transaction of £155,329.92 ($203,284.81). Insiders own 39.27% of the company’s stock.

About Cohort

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.