Chemring Group (LON:CHG) Reaches New 12-Month Low – Time to Sell?

Chemring Group PLC (LON:CHG)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 311 ($3.95) and last traded at GBX 322 ($4.09), with a volume of 3798911 shares. The stock had previously closed at GBX 314.50 ($4.00).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 470 ($5.98) target price on shares of Chemring Group in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, Chemring Group has a consensus rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.46).

Chemring Group Stock Up 2.4 %

The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 22.77. The stock has a market capitalization of £872.68 million, a P/E ratio of 2,859.09, a P/E/G ratio of 1.99 and a beta of 0.68. The business has a 50-day moving average price of GBX 360.54 and a 200 day moving average price of GBX 377.70.

Chemring Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share. This is an increase from Chemring Group’s previous dividend of $2.60. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 20th. Chemring Group’s dividend payout ratio is currently 6,363.64%.

Insider Activity

In other Chemring Group news, insider James Mortensen bought 9,125 shares of Chemring Group stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of GBX 329 ($4.18) per share, for a total transaction of £30,021.25 ($38,165.84). Corporate insiders own 1.69% 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.