Chesnara (LON:CSN) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Chesnara plc (LON:CSN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 254.64 ($3.31) and traded as high as GBX 262 ($3.40). Chesnara shares last traded at GBX 252 ($3.27), with a volume of 262,285 shares traded.

Chesnara Stock Down 0.4 %

The stock’s 50-day moving average price is GBX 257.87 and its 200-day moving average price is GBX 254.38. The company has a current ratio of 2.35, a quick ratio of 38.06 and a debt-to-equity ratio of 62.78. The stock has a market cap of £378.88 million, a price-to-earnings ratio of 8,366.67 and a beta of 0.44.

Chesnara Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 19th will be issued a GBX 8.61 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 3.27%. Chesnara’s payout ratio is currently 80,000.00%.

Insider Transactions at Chesnara

In other Chesnara news, insider Steve Murray purchased 11,410 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of GBX 262 ($3.40) per share, for a total transaction of £29,894.20 ($38,813.55). Company insiders own 5.47% of the company’s stock.

Chesnara Company Profile

Chesnara plc, together with its subsidiaries, operates in life assurance and pension businesses primarily in the United Kingdom, the Netherlands, and Sweden. It operates through UK, Movestic, Waard Group, and Scildon segments. The company underwrites life risks, such as death, disability, health, and accident; and provides a portfolio of investment contracts for the savings and retirement needs of customers through asset management, as well as general insurance products.