Chemring Group (LON:CHG) Share Price Passes Above Two Hundred Day Moving Average of $331.41

Chemring Group PLC (LON:CHG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 331.41 ($4.13) and traded as high as GBX 359.50 ($4.48). Chemring Group shares last traded at GBX 344 ($4.28), with a volume of 249,452 shares traded.

Analyst Ratings Changes

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

Chemring Group Price Performance

The stock’s 50-day moving average is GBX 354.16 and its 200 day moving average is GBX 331.41. The stock has a market capitalization of £938.26 million, a PE ratio of 2,646.15, a P/E/G 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 disclosed a dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 21st were given a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date of this dividend was Thursday, March 21st. This is an increase from Chemring Group’s previous dividend of $2.30. This represents a yield of 1.4%. Chemring Group’s payout ratio is presently 5,384.62%.

Insiders Place Their Bets

In other Chemring Group news, insider Michael Ord sold 138,209 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of GBX 358 ($4.46), for a total value of £494,788.22 ($615,944.50). Insiders own 1.77% 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.