Chemring Group (LON:CHG) Trading Down 13% - Should You Sell?

Chemring Group PLC (LON:CHG - Get Free Report) shares traded down 13% on Tuesday . The stock traded as low as GBX 314.50 ($4.00) and last traded at GBX 314.50 ($4.00). 3,617,586 shares were traded during mid-day trading, an increase of 365% from the average session volume of 777,681 shares. The stock had previously closed at GBX 361.50 ($4.60).

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 429.50 ($5.46).

Chemring Group Stock Performance

The company has a debt-to-equity ratio of 22.77, a current ratio of 1.27 and a quick ratio of 0.71. The firm has a market capitalization of £852.36 million, a price-to-earnings ratio of 2,859.09, a PEG ratio of 1.99 and a beta of 0.68. The firm's fifty day moving average is GBX 360.54 and its 200 day moving average is GBX 377.70.

Chemring Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be issued a GBX 5.20 ($0.07) dividend. This is a boost from Chemring Group's previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 1.44%. Chemring Group's dividend payout ratio is 6,363.64%.

Insider Activity at Chemring Group

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

Chemring Group Company Profile

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.