Chemring Group (LON:CHG) Reaches New 52-Week High at $374.50

Chemring Group PLC (LON:CHG) shares reached a new 52-week high on Friday . The stock traded as high as GBX 374.50 ($4.63) and last traded at GBX 374.30 ($4.62), with a volume of 1212670 shares traded. The stock had previously closed at GBX 365 ($4.51).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Chemring Group in a report on Friday, February 23rd.

Chemring Group Trading Up 2.3 %

The business has a fifty day moving average price of GBX 354.96 and a 200 day moving average price of GBX 334.15. The company has a debt-to-equity ratio of 5.49, a current ratio of 1.29 and a quick ratio of 0.71. The company has a market capitalization of £1.02 billion, a price-to-earnings ratio of 2,815.38, a price-to-earnings-growth ratio of 1.99 and a beta of 0.70.

Chemring Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 21st were paid a GBX 4.60 ($0.06) dividend. This represents a dividend yield of 1.4%. This is a positive change from Chemring Group’s previous dividend of $2.30. The ex-dividend date was Thursday, March 21st. Chemring Group’s dividend payout ratio is presently 5,384.62%.

Insider Activity at Chemring Group

In other Chemring Group news, insider Michael Ord sold 138,209 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of GBX 358 ($4.42), for a total value of £494,788.22 ($611,151.46). 1.77% of the stock is currently owned by corporate 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.