Coats Group plc (OTCMKTS:CGGGF – Get Free Report) shot up 6.1% on Friday. The stock traded as high as $1.13 and last traded at $1.13. 5,000 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 20,477 shares. The stock had previously closed at $1.0650.
Coats Group Stock Performance
The firm has a 50 day moving average price of $1.07 and a two-hundred day moving average price of $1.08.
About Coats Group
Coats Group plc is a global manufacturer of industrial thread and related textile products. The company supplies sewing and assembly solutions for apparel, footwear, automotive components, personal protective equipment, and other industrial applications.
Its products include high-performance threads, zips and fasteners, yarns, and other textile components designed for uses ranging from garment construction and footwear production to automotive interiors and safety equipment. Coats also provides digital software and technology solutions that support product development, manufacturing, and supply-chain processes in the apparel and textile industries.
The company traces its history to 1755 and the Coats textile business in Paisley, Scotland.
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