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

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

Wall Street Analyst Weigh In

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

Chemring Group Stock Up 2.3 %

The company has a 50 day simple moving average of GBX 355.36 and a two-hundred day simple moving average of GBX 335.24. The company has a quick ratio of 0.71, a current ratio of 1.29 and a debt-to-equity ratio of 5.49. The company has a market capitalization of £1.02 billion, a P/E ratio of 2,873.08, a PEG ratio of 1.99 and a beta of 0.70.

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 paid a dividend of GBX 4.60 ($0.06) per share. This is a boost from Chemring Group’s previous dividend of $2.30. The ex-dividend date was Thursday, March 21st. This represents a dividend yield of 1.4%. Chemring Group’s dividend payout ratio is currently 5,384.62%.

Insider Activity

In other news, insider Michael Ord sold 138,209 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of GBX 358 ($4.42), for a total transaction of £494,788.22 ($611,151.46). 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.