Chemring Group (LON:CHG) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Chemring Group PLC (LON:CHG)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 362.10 ($4.84) and traded as high as GBX 433.50 ($5.79). Chemring Group shares last traded at GBX 430.50 ($5.75), with a volume of 572,414 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Chemring Group in a research note on Tuesday, February 25th.

Chemring Group Trading Up 0.9%

The business has a 50 day moving average of GBX 390.23 and a two-hundred day moving average of GBX 362.10. The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The firm has a market capitalization of £1.17 billion, a price-to-earnings ratio of 531.99, a P/E/G ratio of 1.99 and a beta of 0.68.

Chemring Group Increases Dividend

The company also recently declared a dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 20th were paid 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 yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 20th. Chemring Group’s dividend payout ratio is 857.06%.

Insider Buying and Selling

In related news, insider Sarah Ellard sold 27,445 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.54), for a total transaction of £113,896.75 ($152,126.02). 1.69% of the stock is owned by company insiders.

Chemring Group Company Profile

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.