Chemring Group (LON:CHG) Shares Pass Above 50 Day Moving Average of $177.91
Chemring Group plc (LON:CHG) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $177.91 and traded as high as $183.80. Chemring Group shares last traded at $183.60, with a volume of 43,821 shares.
A number of equities analysts have weighed in on the stock. Berenberg Bank set a €54.50 ($63.37) target price on shares of Vonovia and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Peel Hunt reaffirmed a “buy” rating on shares of Polar Capital in a research note on Monday, June 3rd.
The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 31.94. The firm has a market capitalization of $517.52 million and a price-to-earnings ratio of -5.65. The firm has a 50 day moving average of GBX 178.80.
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 landbased electronic warfare equipment.
Read More: Return on Investment (ROI)
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