Chemring Group (LON:CHG) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Chemring Group PLC (LON:CHG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 378.94 ($5.16) and traded as high as GBX 574 ($7.81). Chemring Group shares last traded at GBX 564 ($7.68), with a volume of 893,628 shares traded.

Analyst Upgrades and Downgrades

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

Chemring Group Trading Up 0.9%

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 firm's fifty day moving average is GBX 429.59 and its two-hundred day moving average is GBX 378.94. The firm has a market capitalization of £1.53 billion, a PE ratio of 696.67, a PEG ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported GBX 7 ($0.10) EPS for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. On average, equities analysts predict that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Chemring Group Increases Dividend

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

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.