Insider Selling: Chemring Group PLC (LON:CHG) Insider Sells £494,788.22 in Stock

Chemring Group PLC (LON:CHG) insider Michael Ord sold 138,209 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of GBX 358 ($4.52), for a total transaction of £494,788.22 ($625,285.25).

Michael Ord also recently made the following trade(s):

• On Monday, January 15th, Michael Ord sold 175,559 shares of Chemring Group stock. The stock was sold at an average price of GBX 348 ($4.40), for a total value of £610,945.32 ($772,078.00).

Chemring Group Stock Down 0.3 %

Shares of LON CHG opened at GBX 359.50 ($4.54) on Thursday. The firm’s fifty day moving average is GBX 353.20 and its 200 day moving average is GBX 323.10. Chemring Group PLC has a 52 week low of GBX 253.95 ($3.21) and a 52 week high of GBX 372.50 ($4.71). The company has a quick ratio of 0.71, a current ratio of 1.29 and a debt-to-equity ratio of 5.49. The company has a market cap of £980.57 million, a price-to-earnings ratio of 2,765.38, a PEG ratio of 1.99 and a beta of 0.70.

Chemring Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 21st will be given a GBX 4.60 ($0.06) dividend. This is a boost from Chemring Group’s previous dividend of $2.30. The ex-dividend date of this dividend is Thursday, March 21st. This represents a dividend yield of 1.4%. Chemring Group’s payout ratio is presently 5,384.62%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Chemring Group in a research report on Friday, February 23rd.

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.