Cohort (LON:CHRT) Sets New 1-Year High – Here’s What Happened

Cohort plc (LON:CHRT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,120 ($14.00) and last traded at GBX 1,115 ($13.94), with a volume of 107042 shares. The stock had previously closed at GBX 1,100 ($13.75).

Wall Street Analysts Forecast Growth

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

Cohort Trading Down 0.9 %

The stock has a market cap of £448.88 million, a PE ratio of 2,921.05 and a beta of 0.56. The company has a debt-to-equity ratio of 36.88, a quick ratio of 0.93 and a current ratio of 1.55. The company has a 50 day moving average of GBX 964.12 and a two-hundred day moving average of GBX 876.92.

Cohort Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Thursday, January 9th will be paid a dividend of GBX 5.25 ($0.07) per share. This represents a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, January 9th. Cohort’s payout ratio is 3,947.37%.

Insider Activity

In other news, insider Simon Walther acquired 598 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were bought at an average cost of GBX 906 ($11.32) per share, for a total transaction of £5,417.88 ($6,771.50). Insiders own 39.22% 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.