Stocks of Coty Inc (NYSE:COTY) traded higher last session on Wall Street, down -1.00% to $5.93.
COTY stock price is now -13.20% away from the 50-day moving average and -30.83% away from the 200-day moving average. The market capitalization of the company currently stands at $5.17B.
With the price target of $9, Goldman recently initiated with Neutral rating for Coty Inc (NYSE: COTY). On November 13, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $11 to quote $8.50, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, Singer Robert S, Director sold 90,000 shares of the company’s stock on Mar 04 ’24. The stock was sold for $1,130,058 at an average price of $12.56. Upon completion of the transaction, the Director now directly owns 169,982 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Director Singer Robert S sold 30,000 shares of the business’s stock. A total of $380,877 was realized by selling the stock at an average price of $12.70. This leaves the insider owning 120,000 shares of the company worth $0.71 million. A total of 57.88% of the company’s stock is owned by insiders.
During the past 12 months, Coty Inc has had a low of $5.42 and a high of $13.30. As of last week, the company has a debt-to-equity ratio of 1.00, a current ratio of 0.71, and a quick ratio of 0.45.
The net profit margin was 0.00% and return on equity was 0.33% for COTY. The company reported revenue of $1.67 billion for the quarter, compared to $1.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.34 percent. For the current quarter, analysts expect COTY to generate $1.31B in revenue.
