Coats Group (OTCMKTS:CGGGF) Shares Up 4.9% – Still a Buy?

Shares of Coats Group plc (OTCMKTS:CGGGFGet Free Report) shot up 4.9% during mid-day trading on Thursday . The stock traded as high as $1.1850 and last traded at $1.1850. 10,280 shares changed hands during trading, a decline of 80% from the average session volume of 52,456 shares. The stock had previously closed at $1.13.

Coats Group Price Performance

The company has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.08.

Coats Group Company Profile

(Get Free Report)

Coats Group (OTCMKTS:CGGGF) is a global leader in industrial thread and consumer textile crafts, offering a wide range of products and services to the apparel, footwear, performance materials and consumer goods sectors. The company designs and manufactures high-performance threads, yarns, zips, trims and technical textiles used in applications ranging from fashion garments and athletic footwear to automotive airbags and industrial filtration systems. Coats’ integrated supply chain solutions also include digital design tools, inventory management and logistics services that help customers streamline production and reduce waste.

Founded more than 250 years ago in Scotland, Coats has grown into a multinational enterprise with operations across Europe, North America, Latin America, Asia and Africa.

Further Reading

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