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

Chemring Group PLC (LON:CHG - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 395.75 ($5.43) and traded as high as GBX 584 ($8.01). Chemring Group shares last traded at GBX 567.86 ($7.79), with a volume of 991,416 shares.

Chemring Group Price Performance

The firm's 50-day moving average is GBX 476.08 and its 200-day moving average is GBX 396.02. 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 has a market capitalization of £1.53 billion, a P/E ratio of 695.28, 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 results on Tuesday, June 3rd. The company reported GBX 7 ($0.10) earnings per share for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Analysts predict that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Chemring Group Increases Dividend

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