Chemring Group (LON:CHG) Sets New 1-Year High - Still a Buy?

Chemring Group PLC (LON:CHG - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 442 ($6.00) and last traded at GBX 440 ($5.97), with a volume of 473634 shares changing hands. The stock had previously closed at GBX 434.50 ($5.90).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "buy" rating on shares of Chemring Group in a research report on Tuesday, February 25th.

Chemring Group Trading Up 1.5%

The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. The company's 50 day moving average price is GBX 394.49 and its two-hundred day moving average price is GBX 364.99. The stock has a market capitalization of £1.21 billion, a PE ratio of 552.54, a P/E/G ratio of 1.99 and a beta of 0.68.

Chemring Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 20th were paid a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 1.44%. This is a positive change from Chemring Group's previous dividend of $2.60. Chemring Group's payout ratio is 857.06%.

Insider Activity at Chemring Group

In other news, insider Sarah Ellard sold 27,445 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.63), for a total transaction of £113,896.75 ($154,541.04). 1.69% of the stock is currently owned by insiders.

About Chemring Group

We are a specialist manufacturing and technology business creating market-leading innovative solutions to meet our customers' complex needs. Using our extensive science and engineering expertise, we turn ideas into reality, designing and developing critical solutions that protect and safeguard in unpredictable environments in today's increasingly unstable world. We achieve this by innovating at every stage of the value chain, from research and development (“R&D”) through to design, manufacture and in-service support, working closely with our customers to deliver products, services and solutions for mission-critical success. Our customer base spans national defence organisations, security and law enforcement agencies, as well as commercial markets such as space and transport.