Chemring Group (LON:CHG) Stock Price Passes Below 50 Day Moving Average of $173.82

Shares of Chemring Group plc (LON:CHG) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $173.82 and traded as low as $177.00. Chemring Group shares last traded at $183.40, with a volume of 83,408 shares traded.

A number of equities research analysts have recently commented on the stock. Peel Hunt reaffirmed a “buy” rating on shares of Polar Capital in a research note on Monday, June 3rd. Berenberg Bank set a €54.50 ($63.37) price objective on shares of Vonovia and gave the company a “buy” rating in a research note on Wednesday, July 10th.

The stock has a market capitalization of $515.28 million and a P/E ratio of -5.63. The firm’s 50 day simple moving average is GBX 175.07. The company has a debt-to-equity ratio of 31.94, a current ratio of 0.96 and a quick ratio of 0.42.

The firm also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 29th will be given a GBX 1.20 ($0.02) dividend. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 29th. Chemring Group’s dividend payout ratio (DPR) is presently -0.09%.

Chemring Group Company Profile (LON:CHG)

Chemring Group PLC manufactures and supplies technology electronics and energetic products for defense and security agencies, and defense prime contractors in the United States, the United Kingdom, Australia, and Norway. It operates through three segments: Countermeasures, Sensors, and Energetic. The Countermeasures segment designs, develops, manufactures, and sells expendable countermeasures for protecting air, sea, and land platforms; and land–based electronic warfare equipment.

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