Chemring Group (LON:CHG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Chemring Group PLC (LON:CHG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 387.66 ($5.22) and traded as high as GBX 574 ($7.73). Chemring Group shares last traded at GBX 561 ($7.55), with a volume of 727,690 shares.

Analyst Upgrades and Downgrades

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

Chemring Group Price Performance

The company has a 50 day moving average of GBX 455.31 and a 200-day moving average of GBX 387.66. The stock has a market capitalization of £1.51 billion, a P/E ratio of 689.13, a PEG ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42.

Chemring Group (LON:CHG) last posted its earnings results on Tuesday, June 3rd. The company reported GBX 7 ($0.09) earnings per share (EPS) for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. Sell-side analysts predict that Chemring Group PLC will post 24.8815166 EPS for the current year.

Chemring Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 20th were issued a GBX 5.20 ($0.07) dividend. This represents a yield of 1.44%. This is an increase from Chemring Group’s previous dividend of $2.60. The ex-dividend date of this dividend was Thursday, March 20th. Chemring Group’s dividend payout ratio is presently 857.06%.

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.