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

Cohort plc (LON:CHRT) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,120 ($14.21) and last traded at GBX 1,115 ($14.15), with a volume of 107042 shares traded. The stock had previously closed at GBX 1,100 ($13.96).

Analyst Upgrades and Downgrades

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

Cohort Stock Performance

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 stock has a market cap of £450.91 million, a P/E ratio of 2,894.74 and a beta of 0.56. The stock has a fifty day simple moving average of GBX 954.90 and a 200-day simple moving average of GBX 873.11.

Cohort Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Thursday, January 9th will be issued 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 dividend payout ratio (DPR) is presently 3,947.37%.

Insider Activity

In other news, insider Simon Walther bought 598 shares of the business’s stock in a transaction on Friday, October 4th. The shares were purchased at an average price of GBX 906 ($11.49) per share, for a total transaction of £5,417.88 ($6,873.74). 39.22% of the stock is currently owned by company insiders.

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.