Chemring Group (LON:CHG) Reaches New 12-Month High at $412.14

Shares of Chemring Group PLC (LON:CHG) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 412.14 ($5.18) and last traded at GBX 387.50 ($4.87), with a volume of 908042 shares. The stock had previously closed at GBX 375 ($4.71).

Wall Street Analysts Forecast Growth

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

Chemring Group Stock Performance

The stock has a market cap of £1.07 billion, a PE ratio of 3,003.85, a P/E/G ratio of 1.99 and a beta of 0.70. The firm’s 50-day moving average is GBX 357.33 and its 200 day moving average is GBX 337.85. The company has a debt-to-equity ratio of 5.49, a quick ratio of 0.71 and a current ratio of 1.29.

Chemring Group Increases Dividend

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

Insider Transactions at Chemring Group

In related news, insider Michael Ord sold 138,209 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of GBX 358 ($4.50), for a total value of £494,788.22 ($621,515.16). Insiders own 1.77% of the company’s stock.

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.