Chemring Group (LON:CHG) Stock Passes Above 200-Day Moving Average - Here's What Happened

Chemring Group PLC (LON:CHG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 419.93 ($5.64) and traded as high as GBX 566 ($7.61). Chemring Group shares last traded at GBX 559 ($7.51), with a volume of 1,448,482 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 670 ($9.00) price objective on shares of Chemring Group in a research note on Tuesday, July 15th.

Chemring Group Price Performance

The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The stock's 50 day simple moving average is GBX 537.56 and its 200 day simple moving average is GBX 426.98. The firm has a market cap of £1.46 billion, a P/E ratio of 664.83, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported GBX 7 ($0.09) earnings per share (EPS) for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Research analysts anticipate that Chemring Group PLC will post 24.8815166 EPS for the current year.

Chemring Group Company Profile

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.