Chemring Group (LON:CHG) Trading Down 13% – Should You Sell?

Shares of Chemring Group PLC (LON:CHG) fell 13% during trading on Tuesday . The stock traded as low as GBX 314.50 ($3.99) and last traded at GBX 314.50 ($3.99). 3,617,586 shares traded hands during trading, an increase of 365% from the average session volume of 777,681 shares. The stock had previously closed at GBX 361.50 ($4.59).

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 470 ($5.96) price objective on shares of Chemring Group in a research report on Tuesday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Chemring Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.45).

Chemring Group Trading Down 13.0 %

The company has a quick ratio of 0.71, a current ratio of 1.27 and a debt-to-equity ratio of 22.77. The company has a market capitalization of £852.36 million, a price-to-earnings ratio of 2,903.36, a P/E/G ratio of 1.99 and a beta of 0.68. The company has a 50-day moving average price of GBX 361.52 and a 200-day moving average price of GBX 378.20.

Chemring Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be given a GBX 5.20 ($0.07) dividend. This is an increase from Chemring Group’s previous dividend of $2.60. This represents a yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 20th. Chemring Group’s payout ratio is currently 6,363.64%.

Insider Activity

In other news, insider James Mortensen purchased 9,125 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of GBX 329 ($4.17) per share, with a total value of £30,021.25 ($38,088.37). 1.69% of the stock is owned by company insiders.

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.