Chemring Group (LON:CHG) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Shares of Chemring Group PLC (LON:CHG - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 357.05 ($4.62) and traded as high as GBX 394.50 ($5.10). Chemring Group shares last traded at GBX 380 ($4.92), with a volume of 2,831,682 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHG shares. Shore Capital restated a "buy" rating on shares of Chemring Group in a research note on Tuesday, February 25th. Jefferies Financial Group restated a "buy" rating and issued a GBX 470 ($6.08) price target on shares of Chemring Group in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 429.50 ($5.56).

Chemring Group Stock Up 3.9 %

The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. The stock has a market capitalization of £1.11 billion, a P/E ratio of 503.83, 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 346.49 and a 200 day moving average price of GBX 357.38.

Chemring Group (LON:CHG - Get Free Report) last posted its earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) EPS for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. On average, equities analysts expect that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

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Chemring Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be issued a dividend of GBX 5.20 ($0.07) per share. This represents a yield of 1.44%. The ex-dividend date is Thursday, March 20th. This is a positive change from Chemring Group's previous dividend of $2.60. Chemring Group's dividend payout ratio is presently 857.06%.

Insider Activity at Chemring Group

In related news, insider Sarah Ellard sold 27,445 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.37), for a total transaction of £113,896.75 ($147,324.73). Also, insider James Mortensen purchased 9,125 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of GBX 329 ($4.26) per share, for a total transaction of £30,021.25 ($38,832.30). 1.69% of the stock is currently owned by insiders.

About Chemring Group

We are a specialist manufacturing and technology business creating market-leading innovative solutions to meet our customers' complex needs. Using our extensive science and engineering expertise, we turn ideas into reality, designing and developing critical solutions that protect and safeguard in unpredictable environments in today's increasingly unstable world. We achieve this by innovating at every stage of the value chain, from research and development (“R&D”) through to design, manufacture and in-service support, working closely with our customers to deliver products, services and solutions for mission-critical success. Our customer base spans national defence organisations, security and law enforcement agencies, as well as commercial markets such as space and transport.