Shares of Chemring Group PLC (LON:CHG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 324.81 ($4.08) and traded as high as GBX 365.50 ($4.59). Chemring Group shares last traded at GBX 363 ($4.56), with a volume of 1,130,699 shares.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reaffirmed a "buy" rating on shares of Chemring Group in a report on Friday, February 23rd.
Check Out Our Latest Research Report on Chemring Group
Chemring Group Stock Performance
The firm has a fifty day moving average of GBX 354.02 and a 200-day moving average of GBX 325.34. The stock has a market capitalization of £979.17 million, a price-to-earnings ratio of 2,761.54, 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 company also recently disclosed a dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 21st will be issued a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date of this dividend is Thursday, March 21st. This is a boost from Chemring Group's previous dividend of $2.30. This represents a yield of 1.4%. Chemring Group's payout ratio is currently 5,384.62%.
Insider Buying and Selling
In other news, insider Michael Ord sold 138,209 shares of the business's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of GBX 358 ($4.49), for a total value of £494,788.22 ($621,125.06). 1.77% of the stock is currently owned by insiders.
Chemring Group Company Profile
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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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