Chemring Group (LON:CHG) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Chemring Group PLC (LON:CHG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 356.71 ($4.78) and traded as high as GBX 388.50 ($5.21). Chemring Group shares last traded at GBX 380 ($5.10), with a volume of 777,331 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating on shares of Chemring Group in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Chemring Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 429.50 ($5.76).

Chemring Group Stock Up 1.7 %

The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. The firm has a 50-day simple moving average of GBX 384.16 and a two-hundred day simple moving average of GBX 357.39. The stock has a market cap of £1.07 billion, a P/E ratio of 485.46, a PEG ratio of 1.99 and a beta of 0.68.

Chemring Group Increases Dividend

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

Insider Activity at Chemring Group

In other news, insider Sarah Ellard sold 27,445 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.57), for a total transaction of £113,896.75 ($152,758.52). 1.69% of the stock is owned by company 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.