Cohort (LON:CHRT) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Cohort plc (LON:CHRT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,214.16 ($16.39) and traded as high as GBX 1,570 ($21.20). Cohort shares last traded at GBX 1,460 ($19.71), with a volume of 139,574 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Cohort in a report on Thursday, May 29th.

Cohort Price Performance

The company’s 50-day moving average price is GBX 1,373.78 and its two-hundred day moving average price is GBX 1,214.16. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.55 and a quick ratio of 0.93. The company has a market capitalization of £671.77 million, a P/E ratio of 39.09 and a beta of 0.56.

Insider Activity at Cohort

In other news, insider Andrew Stephen Thomis sold 5,358 shares of Cohort stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of GBX 1,120 ($15.12), for a total transaction of £60,009.60 ($81,017.42). Also, insider Simon Walther sold 350 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of GBX 1,275 ($17.21), for a total transaction of £4,462.50 ($6,024.71). 39.22% of the stock is owned by company insiders.

About Cohort

Cohort plc is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

The Group is split into two segments:

Communications and Intelligence
– EID designs and manufactures advanced communications systems for naval and military customers.