Chesnara (LON:CSN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Chesnara plc (LON:CSN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 257.94 ($3.20) and traded as high as GBX 269 ($3.34). Chesnara shares last traded at GBX 265 ($3.29), with a volume of 291,191 shares traded.

Chesnara Stock Down 0.6 %

The stock has a market capitalization of £400.02 million, a P/E ratio of 8,833.33 and a beta of 0.44. The company has a debt-to-equity ratio of 62.78, a current ratio of 2.35 and a quick ratio of 38.06. The stock has a fifty day moving average price of GBX 261.02 and a 200 day moving average price of GBX 257.94.

Insiders Place Their Bets

In other news, insider Carol Hagh bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of GBX 258 ($3.20) per share, with a total value of £25,800 ($32,005.95). 5.47% of the stock is owned by corporate insiders.

Chesnara Company Profile

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara’s primary responsibility is the efficient administration of its customers’ life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests.