Chemring Group PLC (LON:CHG - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 412.14 ($5.18) and last traded at GBX 387.50 ($4.87), with a volume of 908042 shares trading hands. The stock had previously closed at GBX 375 ($4.71).
Wall Street Analysts Forecast Growth
Separately, Shore Capital reiterated a "buy" rating on shares of Chemring Group in a research report on Friday, February 23rd.
View Our Latest Report on Chemring Group
Chemring Group Trading Down 0.9 %
The stock has a fifty day simple moving average of GBX 357.33 and a 200 day simple moving average of GBX 337.85. The firm has a market capitalization of £1.05 billion, a P/E ratio of 2,953.85, a PEG ratio of 1.99 and a beta of 0.70. The company has a quick ratio of 0.71, a current ratio of 1.29 and a debt-to-equity ratio of 5.49.
Chemring Group Increases Dividend
The business also recently announced a dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 21st were paid a dividend of GBX 4.60 ($0.06) per share. This represents a yield of 1.4%. This is a boost from Chemring Group's previous dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 21st. Chemring Group's dividend payout ratio (DPR) is presently 5,384.62%.
Insider Buying and Selling at Chemring Group
In other news, insider Michael Ord sold 138,209 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of GBX 358 ($4.50), for a total transaction of £494,788.22 ($621,515.16). Insiders own 1.77% of the company's stock.
About Chemring Group
(
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Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.
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