Chemring Group (LON:CHG) Reaches New 1-Year High at $412.14

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

Wall Street Analyst Weigh In

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

Chemring Group Stock Down 1.0 %

The company has a market cap of £1.05 billion, a P/E ratio of 2,980.77, a price-to-earnings-growth ratio of 1.99 and a beta of 0.70. The company has a current ratio of 1.29, a quick ratio of 0.71 and a debt-to-equity ratio of 5.49. The firm’s 50 day moving average price is GBX 356.90 and its 200-day moving average price is GBX 337.53.

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

Insider Activity

In other news, insider Michael Ord sold 138,209 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were 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.