Chemring Group (LON:CHG) Shares Cross Above 200-Day Moving Average of $344.10

Chemring Group PLC (LON:CHG - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 344.10 ($4.32) and traded as high as GBX 386.50 ($4.85). Chemring Group shares last traded at GBX 386.50 ($4.85), with a volume of 823,102 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHG. Shore Capital reiterated a "buy" rating on shares of Chemring Group in a research report on Friday, February 23rd. Barclays reduced their target price on Chemring Group from GBX 345 ($4.33) to GBX 338 ($4.25) and set an "underweight" rating on the stock in a research report on Tuesday, May 7th.

Chemring Group Trading Up 0.6 %

The business has a fifty day moving average price of GBX 363.19 and a 200 day moving average price of GBX 344.86. The company has a market capitalization of £1.06 billion, a PE ratio of 2,992.31, a P/E/G ratio of 1.99 and a beta of 0.69. The company has a debt-to-equity ratio of 5.49, a quick ratio of 0.71 and a current ratio of 1.29.

Chemring Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 21st were issued a GBX 4.60 ($0.06) dividend. This represents a dividend yield of 1.4%. This is an increase from Chemring Group's previous dividend of $2.30. The ex-dividend date was Thursday, March 21st. Chemring Group's dividend payout ratio (DPR) is 5,384.62%.

Insider Transactions at Chemring Group

In other news, insider Michael Ord sold 138,209 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of GBX 358 ($4.50), for a total value of £494,788.22 ($621,437.10). Company insiders own 1.66% of the company's stock.

About Chemring Group

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.