Chemring Group (LON:CHG) Reaches New 12-Month Low – Time to Sell?

Chemring Group PLC (LON:CHG) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 311 ($3.95) and last traded at GBX 322 ($4.09), with a volume of 3798911 shares traded. The stock had previously closed at GBX 314.50 ($4.00).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 470 ($5.98) price target on shares of Chemring Group in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 429.50 ($5.46).

Chemring Group Trading Up 2.4 %

The stock has a market cap of £872.68 million, a P/E ratio of 2,859.09, a PEG 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. The stock’s fifty day moving average price is GBX 360.54 and its 200 day moving average price is GBX 377.70.

Chemring Group Increases Dividend

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

Insider Buying and Selling

In related news, insider James Mortensen bought 9,125 shares of the stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of GBX 329 ($4.18) per share, for a total transaction of £30,021.25 ($38,165.84). 1.69% of the stock is currently 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.