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

Chemring Group PLC (LON:CHG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 359.78 ($4.79) and traded as high as GBX 424 ($5.64). Chemring Group shares last traded at GBX 419 ($5.58), with a volume of 622,643 shares changing hands.

Wall Street Analyst Weigh In

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

Chemring Group Trading Up 0.2%

The stock has a 50-day simple moving average of GBX 388.25 and a two-hundred day simple moving average of GBX 359.86. 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 firm has a market cap of £1.10 billion, a PE ratio of 499.54, a price-to-earnings-growth 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. The ex-dividend date of this dividend was Thursday, March 20th. This is a positive change from Chemring Group's previous dividend of $2.60. This represents a dividend yield of 1.44%. Chemring Group's payout ratio is currently 857.06%.

Insider Activity at Chemring Group

In other Chemring Group news, insider Sarah Ellard sold 27,445 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.52), for a total value of £113,896.75 ($151,579.39). 1.69% of the stock is owned by insiders.

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.