Cohort (LON:CHRT) Reaches New 52-Week High – Here’s What Happened

Cohort plc (LON:CHRT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,468 ($19.51) and last traded at GBX 1,402.60 ($18.64), with a volume of 56734 shares. The stock had previously closed at GBX 1,452 ($19.29).

Cohort Trading Down 3.7%

The business has a 50 day moving average of GBX 1,246.94 and a 200-day moving average of GBX 1,128.22. The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 37.28. The firm has a market capitalization of £634.55 million, a P/E ratio of 36.92 and a beta of 0.56.

Cohort Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Investors of record on Thursday, January 9th were paid a dividend of GBX 5.25 ($0.07) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 0.51%. Cohort’s payout ratio is 39.62%.

Insider Buying and Selling

In other Cohort news, insider Simon Walther sold 350 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of GBX 1,275 ($16.94), for a total transaction of £4,462.50 ($5,929.44). Also, insider Andrew Stephen Thomis sold 5,358 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of GBX 1,120 ($14.88), for a total value of £60,009.60 ($79,736.38). 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.