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

Chemring Group PLC (LON:CHG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 357.05 ($4.63) and traded as high as GBX 394.50 ($5.12). Chemring Group shares last traded at GBX 380 ($4.93), with a volume of 2,831,682 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Chemring Group in a research note on Tuesday, February 25th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 470 ($6.10) target price on shares of Chemring Group in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, Chemring Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 429.50 ($5.57).

Chemring Group Price Performance

The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. The firm has a market cap of £1.02 billion, a price-to-earnings ratio of 465.26, a PEG ratio of 1.99 and a beta of 0.68. The stock has a 50-day moving average price of GBX 343.62 and a 200 day moving average price of GBX 357.05.

Chemring Group (LON:CHG) last announced its earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) earnings per share (EPS) for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. As a group, equities research analysts forecast that Chemring Group PLC will post 24.8815166 earnings per share for the current fiscal year.

Chemring Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be issued a GBX 5.20 ($0.07) dividend. This represents a dividend yield of 1.44%. This is a boost from Chemring Group’s previous dividend of $2.60. The ex-dividend date is Thursday, March 20th. Chemring Group’s dividend payout ratio is presently 857.06%.

Insider Buying and Selling

In other Chemring Group news, insider Sarah Ellard sold 27,445 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.38), for a total value of £113,896.75 ($147,706.85). Also, insider James Mortensen acquired 9,125 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of GBX 329 ($4.27) per share, with a total value of £30,021.25 ($38,933.02). Corporate insiders own 1.69% of the company’s stock.

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.