Chemring Group (LON:CHG) Stock Passes Above 200-Day Moving Average of $161.49

Chemring Group plc (LON:CHG) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $161.49 and traded as high as $191.20. Chemring Group shares last traded at $187.00, with a volume of 91,329 shares.

Several research firms recently issued reports on CHG. Peel Hunt reissued an “add” rating on shares of Chemring Group in a research note on Monday, June 3rd. Berenberg Bank lowered Chemring Group to a “hold” rating and increased their target price for the stock from GBX 180 ($2.35) to GBX 190 ($2.48) in a research note on Wednesday, July 10th.

The company has a 50 day moving average of GBX 182.70 and a 200-day moving average of GBX 161.85. The company has a debt-to-equity ratio of 31.94, a quick ratio of 0.42 and a current ratio of 0.96. The stock has a market cap of $519.10 million and a price-to-earnings ratio of -5.67.

The company also recently announced a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 29th will be paid a dividend of GBX 1.20 ($0.02) per share. This represents a yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 29th. Chemring Group’s payout ratio is -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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