Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The share price of the mid-cap UK defence company Chemring (CHG) has struggled over the last few years with a profits warning a couple of months ago briefly dropping the shares to below 200p each. Even with a recent rise they are trading at half the level they were just over two years ago.
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