Chemring Group (LON:CHG) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Chemring Group PLC (LON:CHG)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 382.03 ($4.99) and traded as high as GBX 385 ($5.03). Chemring Group shares last traded at GBX 378.50 ($4.94), with a volume of 920,847 shares trading hands.

Chemring Group Trading Down 1.2 %

The firm has a 50-day moving average of GBX 384.57 and a 200 day moving average of GBX 382.19. The company has a market cap of £1.03 billion, a P/E ratio of 3,440.91, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 22.77.

About Chemring Group

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.