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

Chesnara plc (LON:CSN)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 254.10 ($3.20) and traded as high as GBX 257.50 ($3.24). Chesnara shares last traded at GBX 252 ($3.17), with a volume of 67,987 shares traded.

Chesnara Trading Up 1.0 %

The company has a debt-to-equity ratio of 62.78, a quick ratio of 38.06 and a current ratio of 2.35. The business’s 50 day moving average price is GBX 255.65 and its two-hundred day moving average price is GBX 254.06. The company has a market capitalization of £381.15 million, a price-to-earnings ratio of 8,416.67 and a beta of 0.44.

Chesnara Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, September 19th were issued a dividend of GBX 8.61 ($0.11) per share. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 3.27%. Chesnara’s dividend payout ratio is currently 80,000.00%.

Insider Buying and Selling at Chesnara

In related news, insider Steve Murray purchased 11,410 shares of Chesnara stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of GBX 262 ($3.30) per share, with a total value of £29,894.20 ($37,635.91). Company insiders own 5.47% of the company’s stock.

About Chesnara

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.